Manufacturing facility is closer to DOE loan aid approval
Ascent Solar Technologies is reportedly moving closer to getting approval for loan aid from the U.S. Department of Energy for its proposed 150-MW manufacturing facility in Colorado.
U.S. photov
oltaic module maker Ascent Solar Technologies has reportedly said it has moved closer to getting approval for loan aid from the U.S. Department of Energy for its proposed 150-megawatt manufacturing facility in Colorado.
The company, which also makes building-integrated photovoltaics, said its FAB3 module manufacturing plant has a value of about $375 million, of which $275 million would be under the loan guarantee program.
Under loan guarantees, the federal government commits to paying portions of private loans in case the companies default.
Read the full-length article here.
- Edited by Amanda McLeman, Plant Engineering, www.plantengineering.com
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2012 Salary Survey
In a year when manufacturing continued to lead the economic rebound, it makes sense that plant manager bonuses rebounded. Plant Engineering’s annual Salary Survey shows both wages and bonuses rose in 2012 after a retreat the year before.
Average salary across all job titles for plant floor management rose 3.5% to $95,446, and bonus compensation jumped to $15,162, a 4.2% increase from the 2010 level and double the 2011 total, which showed a sharp drop in bonus.