Receive our newsletter – data, insights and analysis delivered to you
March 2, 2011

US DoE Selects Ascent for Loan Guarantee

The US Department of Energy (DoE) Loan Guarantee Programs Office (LGPO) has selected Ascent Solar's loan guarantee application, for its 150MW FAB3 project, to advance to the LGPO's due diligence phase of review. Of the total cost of $375m for the project, $275m will be covered under the l

By cms admin

The US Department of Energy (DoE) Loan Guarantee Programs Office (LGPO) has selected Ascent Solar’s loan guarantee application, for its 150MW FAB3 project, to advance to the LGPO’s due diligence phase of review.

Of the total cost of $375m for the project, $275m will be covered under the loan guarantee programme.

Ascent’s FAB3 project includes the construction of a plant that produces thin-film copper-indium-gallium-diselenide (CIGS) photovoltaic modules.

The company will use the technology advances from its existing manufacturing facilities and focus on large-volume markets such as building applied PV and building integrated PV applications in the development of the FAB3 project.

To meet the criteria for credit subsidy under section 1705 of title XVII, FAB3 will have to begin construction before financial closing, on or before 30 September 2011.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration
Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU