SoloPower Receives $197Mil DOE Loan Guarantee

The U.S. DOE’s $197 million loan guarantee to SoloPower, Inc. will support the retrofit of an existing building to operate a thin-film solar panel manufacturing facility in Portland, OR.  The project will produce low-cost, higher efficiency PV panels for roof-top applications. Before it can use the funds, it must have its first production line up and running and meet other milestones. In addition to receiving state incentives to locate in Oregon, SoloPower has raised some $200 million from private investors.

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