DOE offers conditional commitment for $197 million loan guarantee

The U.S. Department of Energy Load Programs Office has offered a conditional commitment for a $197 million loan guarantee to SoloPower in order to fund the building of a thin film photovoltaic module factory.

02/22/2011


SoloPower has received a conditional commitment from the U.S. Department of Energy (DOE) Loan Programs Office for a $197 million loan guarantee. The funds will support construction of a facility that, when completed and at full capacity, is expected to produce approximately 400 MW of thin film Photovoltaic (PV) modules annually.

U.S. Senator Ron Wyden of Oregon has said that the project intends to hire hundreds of highly skilled, highly paid employees to manufacture the latest in renewable energy technology, and a loan guarantee will help companies such as SoloPower get important projects off the ground.

SoloPower announced earlier this year that it had come to an agreement to construct its first large-scale high volume manufacturing plant in Wilsonville, Oregon. Retrofit of the existing building is scheduled to begin in the second quarter of 2011. The factory is expected to provide direct employment to approximately 500 people once it is running at full capacity. About 270 construction jobs will reportedly be created to build the plant, and additional jobs are also likely to be generated in the local supply chain.

- Edited by Amanda McLeman, Consulting-Specifying Engineer, www.csemag.com



No comments
The Engineers' Choice Awards highlight some of the best new control, instrumentation and automation products as chosen by...
The System Integrator Giants program lists the top 100 system integrators among companies listed in CFE Media's Global System Integrator Database.
The Engineering Leaders Under 40 program identifies and gives recognition to young engineers who...
This eGuide illustrates solutions, applications and benefits of machine vision systems.
Learn how to increase device reliability in harsh environments and decrease unplanned system downtime.
This eGuide contains a series of articles and videos that considers theoretical and practical; immediate needs and a look into the future.
Intelligent, efficient PLC programming: Cost-saving programming languages are available now; Automation system upgrades; Help from the cloud; Improving flow control; System integration tips
Smarter machines require smarter systems; Fixing PID, part 3; Process safety; Hardware and software integration; Legalities: Integrated lean project delivery
Choosing controllers: PLCs, PACs, IPCs, DCS? What's best for your application?; Wireless trends; Design, integration; Manufacturing Day; Product Exclusive
PLCs, robots, and the quest for a single controller; how OEE is key to automation solutions.
This article collection contains several articles on improving the use of PID.
Learn how Industry 4.0 adds supply chain efficiency, optimizes pricing, improves quality, and more.

Find and connect with the most suitable service provider for your unique application. Start searching the Global System Integrator Database Now!

Special report: U.S. natural gas; LNG transport technologies evolve to meet market demand; Understanding new methane regulations; Predictive maintenance for gas pipeline compressors
Cyber security cost-efficient for industrial control systems; Extracting full value from operational data; Managing cyber security risks
Drilling for Big Data: Managing the flow of information; Big data drilldown series: Challenge and opportunity; OT to IT: Creating a circle of improvement; Industry loses best workers, again