06 Sep '11, 6pm

Is First Solar gaming the system? Getting $456 million U.S. loan guarantee to develop low-risk Ontario projects

Is First Solar gaming the system? Getting $456 million U.S. loan guarantee to develop low-risk Ontario projects

Is First Solar gaming the system? Getting $456 million U.S. loan guarantee to develop low-risk Ontario projects indicates as much So, I’m reading Bloomberg News and come to this headline: “First Solar Gets $455.7 Million Guarantees For Canada Plants.” Found the official corporate press release here . I had to do a double-take. The world’s largest maker of thin-film solar modules, a company approaching $4 billion in annual sales and with a market cap of $8 billion, is getting nearly half a billion dollars in loan guarantees from the Export-Import Bank of the United States to develop seven solar projects totaling 90 megawatts in southwestern Ontario, Canada. According to the bank, the transaction constitutes the “largest financings in history supporting U.S. solar-energy exports to any country.” “The Bank’s support was needed because viable long-term financing for these proj...

Full article: http://www.cleanbreak.ca/2011/09/06/is-first-solar-gaming...

Tweets

Solyndra’s Loan Guarantee Was 3.4% of the DOE S...

greentechmedia.com 07 Sep '11, 1pm

But Eric, you know (or should know) that at least Abound and SoloPower are total losses as well (so that’s another 4%, ass...

Guest Post: Solar Value - It’s Interest Rates, Not System Costs: Photovoltaic system costs have been dropping....

Guest Post: Solar Value - It’s Interest Rates, ...

greentechmedia.com 07 Sep '11, 7am

Photovoltaic system costs have been dropping. In fact, as has been highly publicized, solar panel prices have more than ha...

Ontario's election is beginning, and the future...

davidsuzuki.org 07 Sep '11, 3pm

It's election time, Ontario! Power your vote today. September 7, 2011 | Leave a comment By Jode Roberts, Communications On...

Green Blog: Getting a Grip on the Grid

green.blogs.nytimes.com 06 Sep '11, 2am

One of the crucial factors that limits the capacity of the electricity grid is the temperature of the lines; as their meta...

Getting a Grip on the Grid

green.blogs.nytimes.com 06 Sep '11, 12am

One of the crucial factors that limits the capacity of the electricity grid is the temperature of the lines; as their meta...

Getting a Grip on the Grid

green.blogs.nytimes.com 06 Sep '11, 12am

One of the crucial factors that limits the capacity of the electricity grid is the temperature of the lines; as their meta...

First Takes: US Gives Solar $145M Shot in the Arm, Green Investment Tops $2T, & More

First Takes: US Gives Solar $145M Shot in the A...

greenbiz.com 06 Sep '11, 3pm

• $145M Infusion for Low-Cost Solar Development: The U.S. Department of Energy has signaled the Obama administration's con...

Singaporeans must not fall into this trap. Just...

yoursdp.org 06 Sep '11, 7am

Once it has planted this notion in the public's head, it can then peddle the falsehood that the SDP is confrontational and...

Solyndra FOIA Release of DOE Loan Guarantee Term Sheet: [pagebreak:SolyndraFOIA] Earlier this year I obtaine...

Solyndra FOIA Release of DOE Loan Guarantee Ter...

greentechmedia.com 09 Sep '11, 5am

Earlier this year I obtained the DOE loan guarantee term sheet for Solyndra Fab 2 LLC via a Freedom of Information Act (FO...

Can China’s Domestic Demand Dominate the Solar ...

greentechmedia.com 07 Sep '11, 6pm

It’s another clever way to support their domestic PV industry. We do the same exact thing with First Solar and SunPower pr...

US Ex-Im Bank approves $86 million loan for Indian solar PV project

US Ex-Im Bank approves $86 million loan for Ind...

cleantechnica.com 13 Sep '11, 2am

The United States Export-Import bank has approved a grant of $86 million to one of India’s leading power companies to set ...

DERlab partners develop international solar PV ...

renewableenergyfocus.com 05 Sep '11, 8am

The project partners of the Network of Excellence Distributed Energy Resources Laboratory (DERlab) aim to internationally ...

Barclays makes waves with £3.4m loan to Aquamarine

businessgreen.com 05 Sep '11, 10am

Aquamarine Power has been hailed as the first marine energy company to secure bank debt finance, in a move that signals in...