Thursday, June 30, 2011

First Solar Lands $3.73 Billion From DOE

Tempe, Arizona-based First Solar, the maker of thin-film, photovoltaic solar panels, has just scored $3.73 billion in loan guarantees for power projects in California. According to the U.S. Department of Energy, the loan guarantees include $680M in loans to the Antelope Valley Solar Ranch 1 project, $1.88 billion in loans for the Desert Sunlight project, and $1.93 billion in loans to the Topaz Solar project, all being managed by First Solar and using that firm's Cadmium Telluride (Cd-Te) thin film PV products.