Info
Info
News Article

Solopower Receives $197 Million Loan Guarantee From U.S. DOE

Goal is to build thin film photovoltaic module facilities
SoloPower, a California-based manufacturer of flexible thin film solar cells and modules, announced that it has received a $197 million loan guarantee from the U.S. Department of Energy's (DOE) Loan Programs Office. The guarantee will support the construction and operation of three facilities that are expected to produce approximately 400MW of state-of-the art thin film photovoltaic modules annually.

In addition to expanding its existing operation in San Jose, California, SoloPower will construct and operate two new facilities in Portland, Oregon. Together, these facilities will provide 450 permanent jobs, 270 construction jobs and several hundred additional supply chain jobs.

"SoloPower is bringing exactly the kind of new jobs Oregon needs," said Governor John Kitzhaber. "Working with SoloPower to bring their manufacturing headquarters to Portland, we are continuing on the path of supporting a strong clean technology manufacturing base in Oregon."

SoloPower uses innovative manufacturing technology to produce low-cost, high efficiency copper, indium, gallium and (di)selenide ("CIGS") based photovoltaic cells. The CIGS cells are then packaged into unique, flexible, lightweight solar modules. The modules require less balance-of-system hardware and are easier to install than traditional solar panels.

"This loan guarantee from the DOE is the kind of job creating investment this country needs," said Senator Ron Wyden. "Companies that push the boundaries of known technology will reinvigorate America's economy and provide much-needed family wage jobs for Oregonians now, and in the future."

"Solar manufacturing represents one of the best ways to reduce dependence on fossil fuels, and with SoloPower poised to make a massive investment in Oregon's already impressive alternative energy technology industry, it is clearer than ever that Oregon continues to be a "˜go-to' state for innovation," the Senator added.

SoloPower recently began making improvements to its existing facility in San Jose, California to accommodate the capacity expansion. Construction on the first high-volume facility in Portland, Oregon is anticipated to start next month.
SunBrush Mobil And Infinity Establish Service Base At Benban, Africa's Largest Solar Park
Analysis Of UK Commercial Roof Space Shows Solar PV Film Can Achieve Net Zero Without Greenfield Sites
Winch Energy Closes Largest Mini Grid Financing Portfolio To Date
Driving Efficiency Through Flexible Solar Power Solutions
BayWa R.e. And HeidelbergCement Sign First Solar Corporate PPA In Polish History
SUNfarming Reaches Financial Close On Project Financing For 26 MWp PV Portfolio In Poland
SolarArise Commissions 75 MW Solar Plant In Uttar Pradesh
US Solar Fund To Acquire Up To 50% Of 200MWDC Mount Signal 2
Ib Vogt Achieves Financial Close And Start Of Construction Of 116 MWp Solar PV Project In Malaysia
AEG Power Solutions Equips The Microgrid Laboratory Emulator Of Paderborn University
Q CELLS Solar Modules Keeping The Lights On For Dutch Bulb Grower
International Solar Alliance Special Assembly Elects Dr Ajay Mathur As New Director General
Sonnedix Acquires 150MW Utility Scale Project Located In Central Chile
Oakapple Renewable Energy Appoint Stuart Gentry To Head Business Development
Sonnedix Brings Chile Closer To Meet Its Renewable Power Targets
Solar Energy For Water Treatment: IBC SOLAR Helps Water Authority Become More Sustainable
Greencoat Renewables Announces First Transaction In Nordic Market
Going Green In Lancashire – Hundreds Of Houses Installed With Solar Panels In Ground-breaking Project
Luxcara And GE Renewable To Deliver 753 MW To Sweden With Single Onshore Wind Farm
VivoPower International PLC Announces Completion Of Electrical Works For 39 MWdc Molong Solar Farm
The Smarter E South America Postponed To October 18-20, 2021
SUNfarming Secures EUR 10 Million In Fresh Money For Poland
Sonnedix Adds 40 MW Of Capacity To Its Portfolio In Chile
Leclanché Selected By ENERGODATA To Provide Battery Storage

×
Search the news archive

To close this popup you can press escape or click the close icon.
Logo
×
Logo
×
Register - Step 1

You may choose to subscribe to the Solar + Power Magazine, the Solar + Power Newsletter, or both. You may also request additional information if required, before submitting your application.


Please subscribe me to:

 

You chose the industry type of "Other"

Please enter the industry that you work in:
Please enter the industry that you work in:
 
X
Info
X
Info
{taasPodcastNotification} Array
Live Event