President Announces Nearly $2B for Solar

ETAP PV Solar Capabilities
Last Saturday, President Obama announced that the U.S. Department of Energy will use last year’s stimulus bill to issue $1.85 billion in loan guarantees to two solar power companies.
One company, Abound Solar Manufacturing, will get $400 million to build two solar-panel manufacturing plants, one in an empty Chrysler supplier factory in Tipton, Indiana. The company estimates that building the two plants will require 2,000 workers and operating them will create 1,500 permanent positions; the company also says it will be first to use a new solar panel technology commercially.
Abound Solar Manufacturing, will manufacture state-of-the-art thin film solar panels, the first time anywhere that such technology has been used commercially. Thin film panels are noted for requiring more space to deploy given lower efficiencies, yet much cheaper to produce, one of the earlier solar use stumbling blocks.
This comes on the heels of ETAP noting new PV Solar capabilities in its next release.
Abengoa Solar Inc. is the other firm, whose plant will cover an area of around 1,900 acres near Gila Bend, Arizona. The company claims that the plant will be one of the first in the United States able to store its own power, while able to generate 280 megawatts of power. After construction, the plant will support approximately 85 permanent jobs, the company claims. This type of facility will use solar reflector technology, which will require a mirror plant to be built nearby, not yet officially announced.
