29 Feb '12, 7am

Abound Solar and the Curse of the DOE Loan Guarantee: A few months ago, we published an article that asked, "W...

Abound Solar and the Curse of the DOE Loan Guarantee: A few months ago, we published an article that asked, "W...

A few months ago, we published an article that asked, "What is Really Happening at Abound Solar?" We've just learned the bad news -- and maybe some good news. Abound is halting production of its first-generation, 10.5-percent-efficiency cadmium telluride (CdTe) PV module in order to transition to building its next-generation, higher-efficiency module. That's the good news. The bad news is that the transition will result "in the temporary reduction of approximately 180 permanent jobs" from its Loveland, Colorado production facilities, according to a release and FAQ from the firm, which was the beneficiary of a $400 million DOE loan guarantee. We were prompted to ask "What is Really Happening at Abound Solar?" because despite the firm's optimistic pronouncements on efficiency, sales, and capacity -- the company was on its third CEO and two of its senior staff -- Russ Kanjors...

Full article: http://www.greentechmedia.com/articles/read/Abound-Solar-...

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