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Mar 21, 2009 04:07 PM | 4
The Department of Energy (DOE) this week made the first alternative-energy loan guarantee, announcing that Solyndra Inc., a solar energy company based in Fremont, Calif., will receive $535 million. The company – profiled recently by ScientificAmerican.com – plans to use the money to ramp up production of its cylindrical, thin-film solar panels that lie flat on rooftops.
The cash won't flow until the loan receives some final legal and financial green lights, according to a DOE press release. The DOE is reviewing dozens of other projects, from nuclear to carbon capture and sequestration, and will likely be issuing more loan guarantees in the coming weeks, the New York Times reports.
Solyndra's cylindrical solar cells on a rooftop in California. Image Credit: Solyndra Inc.
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loan guarantee,
solyndra
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4 Comments
Add CommentFantastic! Way to go California! Get us away from that deadly fossil fuel. I have been trying to start an all green national news journal that would cover every state and county in the US, but no one will even take a look at the business proposal, they said, "I like to feel the paper and ink when I turn the page". With news papers going under all across the county, you would think that the feds would be interested in funding an all green national news journal. California, you are giving hope to all the rest of us. Keep up the great work.
Reply | Report Abuse | Link to thisTry translating the french magazine 'Energie et Développement Durable' into English. It covers most international news on energy technologies including the 'states. USA : $7.25
Reply | Report Abuse | Link to thisi would like to be a northeast solar panels distributer. how can you help me set up a business here in this area.
Reply | Report Abuse | Link to thishi i would like to start up a solar panel distribution warehouse for homes and businesses here in the northeast.please help me with this information.
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