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
Consulting-Specifying Engineer's Product of the Year (POY) contest is the premier award for new products in the HVAC, fire, electrical, and...
Consulting-Specifying Engineer magazine is dedicated to encouraging and recognizing the most talented young individuals...
The MEP Giants program lists the top mechanical, electrical, plumbing, and fire protection engineering firms in the United States.
40 Under 40; Stand-alone medical buildings; NFPA 92; Specialty fire suppression; Applying 90.1 in lighting design
2016 Product of the Year Finalists: Vote now; Data center Q&A; LED codes; Smart buildings
Fire pump power system design: How to design safe, reliable fire pump power service; Water management in commercial buildings; Emergency egress, illumination
Designing generator systems; Using online commissioning tools; Selective coordination best practices
Understanding transfer switch operation; Coordinating protective devices; Analyzing NEC 2014 changes; Cooling data centers
Designing positive-energy buildings; Ensuring power quality; Complying with NFPA 110; Minimizing arc flash hazards
As brand protection manager for Eaton’s Electrical Sector, Tom Grace oversees counterfeit awareness...
Amara Rozgus is chief editor and content manager of Consulting-Specifier Engineer magazine.
IEEE power industry experts bring their combined experience in the electrical power industry...
Michael Heinsdorf, P.E., LEED AP, CDT is an Engineering Specification Writer at ARCOM MasterSpec.
click me