Solyndra Gets Loan For Solar Plant | September 14, 2009 Issue - Vol. 87 Issue 37 | Chemical & Engineering News
Volume 87 Issue 37 | p. 18 | Concentrates
Issue Date: September 14, 2009

Solyndra Gets Loan For Solar Plant

Department: Business
Keywords: Solyndra, solar energy, DOE
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Solyndra makes solar panels with thin-film photovoltaics inside glass tubes.
Credit: Solyndra
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Solyndra makes solar panels with thin-film photovoltaics inside glass tubes.
Credit: Solyndra

The Department of Energy has finalized a $535 million loan guarantee to thin-film solar manufacturer Solyndra. In addition, the company raised $198 million in a funding round led by venture capital firm Argonaut Private Equity. Solyndra will use the money to finance a plant in Fremont, Calif., that will produce solar panels with a total energy capacity of 500 MW per year. Made of copper-indium-gallium-selenide photovoltaics deposited on the inside of glass tubes, the panels are designed for installation on large, flat roofs.

 
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