Abound Solar

DOE Loan to Boost Solar Manufacturing

The U.S. Department of Energy (DOE) has offered Abound Solar a conditional commitment for a $400 million, seven-year loan guarantee to expand its solar module manufacturing capabilities. Abound Solar, will use the DOE funds to increase production of its low-cost, cadmium telluride, thin-film photovoltaic solar modules at an existing manufacturing plant, and to establish a second manufacturing plant that will create more than 1,200 high-tech jobs in Colorado and Indiana. The deal is expected to reduce the cost of solar power for the company’s United States and international customers.