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.
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