Tuesday, October 18, 2011

Amid Bankruptcies First Solar Receives DOE Approval For $2.1 Billion In Loans

Despite the high profile bankruptcies of Solyndra and Stirling Energy Systems, Tempe, Arizona-based photovoltaic manufacturer First Solar received $2.1 billion in partial loan guarantees from the U.S. Department of Energy today. The funds will support the construction of the 550-megawatt Desert Sunlight solar farm in Riverside County ($1.46 billion) and the 230-megawatt Antelope Valley Solar Ranch in Los Angeles County ($646 million).

Read the rest of the article at Forbes

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