01 Oct '12, 3am

With DOE Loan Guarantee, SoloPower Opens Oregon Plant

Cleanenergyauthority September 30th, 2012 | by SolarFeeds 0 With DOE Loan Guarantee, SoloPower Opens Oregon Plant Tweet SoloPower is preparing to receive dispersement of a $197 million U.S. DOE Loan Guarantee. Federal loan guarantees supporting solar manufacturing have gone the way of the Dodo since the demise of Solyndra, but SoloPower was grandfathered into the program, and as it prepares to open its new manufacturing facility this Thursday (Sep. 27), it’s still on target to receive the loan guarantee, which was designed to make it easier for the San Jose-based startup to attract financing. SoloPower manufactures copper indium gallium selenide (CIGS)-based, flexible photovoltaics designed to fit on rooftops like warehouse rooftops. When the manufacturing facility opens this Thursday it will be capable of producing roughly 5 megawatts in the last quarter of 2012, accordin...

Full article: http://www.solarfeeds.com/with-doe-loan-guarantee-solopow...

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