In 2011, the Loan Programs Office (LPO) issued loan guarantees to the first five PV projects larger than 100 megawatts (MW) in the United States. As required by law, LPO stopped issuing new loan guarantees under the Section 1705 Program created by the American Recovery and Reinvestment Act (ARRA) on September 30, 2011. As of February 2016, the initial investments made by LPO helped build a market that subsequently financed an additional 28 PV projects larger than 100 MW in the United States