First Solar Wins U.S. Loan Guarantee

First Solar Inc.(FSLR) has won a loan guarantee worth $4.5 billion from the U.S. DOE stimulus-funded loan guarantee program to finance renewable energy projects in California, reports The Wall Street Journal.

First Solar, a manufacturer of photovoltaic solar modules, says that two of the projects would be the largest capacity solar-panel farms in the world. Power from the projects will be sold to PG&E Corp., a subsidiary of Pacific Gas & Electric Company and an Edison International unit of Southern California Edison. The plants are expected to be online by 2015.

To read the full article by The Wall Street Journal cited in this report, click here

Tags: Fundings , Solar

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