8 February '10
11:29 AM EST
No Comments
Cleantech
Funding

DOE To Award Up To 15 Loan Guarantees Within Six Months

One of Energy Secretary Steven Chu’s early promises upon taking over at the Department of Energy a year ago was that he would speed up the award of the loan guarantees.

So far though only one loan guarantee has actually been funded. The guarantee was secured by Solyndra, the California maker of thin-film photovoltaic cells, which scored a $535 million in September that it will use in part to finance construction of a new manufacturing facility in California. Read More »

Tagged: , , , , , , , , , ,
28 October '09
2:30 AM EDT
No Comments
Funding
Solar

China’s Yingli Green Energy Counting on U.S. Gov. Money to Finance $50M Solar Panel Plant [Update -- 10.28.09]

Yingli Green Energy Holding Co., the Chinese maker of solar panels, plans to tap U.S. government money to finance construction of a $50 million, 100-megawatt panel manufacturing facility.

Dow Jones News reports that the company, based in Baoding, China, has filed an application with the U.S. Treasury for tax credits to help finance plant construction.

According to news reports Suntech Power,  another Chinese PV maker, is about to pick a site for its first  U.S. manufacturing facility. Read More »

Tagged: , , , , , ,