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.
Source: Severn Williams, SparkPR
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
- Related News:
Federal program to award $12M for clean energy innovation - 21.03.2011 12:20- Shedding light on photovoltaic projects - 01.03.2011 12:00
- Large spending surge in smart technologies predicted - 20.02.2011 12:05
- US Energy Department's budget cut request feedback - 18.02.2011 12:43
- DOE finalizes Loan Guarantee for new transmission project to deliver renewable energy to Southwest - 17.02.2011 13:05
Case Study Database
Get more exposure for your case study by uploading it to the Plant Engineering case study database, where end-users can identify relevant solutions and explore what the experts are doing to effectively implement a variety of technology and productivity related projects.
These case studies provide examples of how knowledgeable solution providers have used technology, processes and people to create effective and successful implementations in real-world situations. Case studies can be completed by filling out a simple online form where you can outline the project title, abstract, and full story in 1500 words or less; upload photos, videos and a logo.
Click here to visit the Case Study Database and upload your case study.
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.