Skip to comments.First Solar nabs $4.5 billion in DOE loan guarantees
Posted on 07/01/2011 9:05:50 AM PDT by NormsRevenge
The Department of Energy announced Thursday that it has awarded First Solar, America's dominant solar manufacturer, nearly $4.5 billion in conditional loan guarantees to support the construction of three solar power plants in Southern California.
With the latest awards, First Solar, headquartered in Tempe, Ariz., has nabbed a third of the $16 billion in loan guarantees the DOE has granted for solar generation to date. In January, First Solar was awarded a nearly $1 billion loan for its 290-megawatt Agua Caliente project in Arizona.
First Solar expects the three projects, which should begin delivering electricity in 2014, to create 1,400 construction jobs in California.
The company has manufacturing facilities in Ohio, Germany and Malaysia. First Solar says it will manufacture the 20 million solar panels for the three California projects at its Ohio factory and in a new facility being built in Mesa, Ariz.
"These projects will bring immediate jobs to California in addition to hundreds more across the supply chain," Energy Secretary Steven Chu said in a statement.
(Excerpt) Read more at mercurynews.com ...
Will they, Mr. Chu?
You're not just 'stimulating' me , are you?
Is this a loophole? Is it a tax give-away? Is it more than those evil ones riding around in corporate jets got?
Obama Market Manipulation?!
Wall Street bank analysts advised to go short 3 days before the multi-billion dollar plant deal was announced...
When someone controlls both sides of the equation, looting is easy.
Shovel ready failures.
” Watch someone bag up all the grant, then the projects will get shut down over the three-toed twit hopper or something.
When someone controlls both sides of the equation, looting is easy. “
Or else, they could just follow the traditional route for California Solar companies - grab the grant, spend half (publicly and wastefully), pocket the other half, and promptly move to China....
We're broke damn it!
I’m waiting for my $1.36 discount on a ticket to the new Transformers flick because that’s what it cost every Michigan taxpayer.
Conditional on what? democrats can get another tax increase on those of us who pay taxes?
What are the names of the officers, directors and majority stockholders of this business; and, how much did they contribute to any given politician and/or political party?
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