DOE offers conditional commitment for $197 million loan guarantee
The U.S. Department of Energy Load Programs Office has offered a conditional commitment for a $197 million loan guarantee to SoloPower in order to fund the building of a thin film photovoltaic module factory.
SoloPower has received a conditional commitment from the U.S. Department of Energy (DOE) Loan Programs Office for a $197 million loan guarantee. The funds will support construction of a facility that, when completed and at full capacity, is expected to produce approximately 400 MW of thin film Photovoltaic (PV) modules annually.
U.S. Senator Ron Wyden of Oregon has said that the project intends to hire hundreds of highly skilled, highly paid employees to manufacture the latest in renewable energy technology, and a loan guarantee will help companies such as SoloPower get important projects off the ground.
SoloPower announced earlier this year that it had come to an agreement to construct its first large-scale high volume manufacturing plant in Wilsonville, Oregon. Retrofit of the existing building is scheduled to begin in the second quarter of 2011. The factory is expected to provide direct employment to approximately 500 people once it is running at full capacity. About 270 construction jobs will reportedly be created to build the plant, and additional jobs are also likely to be generated in the local supply chain.
- Edited by Amanda McLeman, Consulting-Specifying Engineer, www.csemag.com
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Annual Salary Survey
Before the calendar turned, 2016 already had the makings of a pivotal year for manufacturing, and for the world.
There were the big events for the year, including the United States as Partner Country at Hannover Messe in April and the 2016 International Manufacturing Technology Show in Chicago in September. There's also the matter of the U.S. presidential elections in November, which promise to shape policy in manufacturing for years to come.
But the year started with global economic turmoil, as a slowdown in Chinese manufacturing triggered a worldwide stock hiccup that sent values plummeting. The continued plunge in world oil prices has resulted in a slowdown in exploration and, by extension, the manufacture of exploration equipment.
Read more: 2015 Salary Survey