The U.S. Department of Energy announced the offer of a conditional commitment to SoloPower, Inc. for a $197 million loan guarantee to support the retrofit of an existing building and installation of additional equipment to operate a thin-film solar panel manufacturing facility in Wilsonville, Oregon.
When completed and at full capacity, the facility is expected to produce over 400 megawatts (MW) of flexible photovoltaic (PV) panels annually. According to SoloPower estimates, the project will create approximately 500 permanent solar jobs and 270 construction jobs.
The SoloPower facility will produce PV panels for roof-top applications. SoloPower’s innovative manufacturing process deposits copper, indium, gallium and selenide (CIGS) onto rolls of flexible stainless steel materials and transforms them into flexible modules.This approach improves module size and weight, ease of installation, and reduces mounting hardware
To date, the Department of Energy, through the Loan Programs Office, has issued loan guarantees or offered conditional commitments for loan guarantees totaling nearly $18 billion to support 19 clean energy projects.
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