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.

SolarEdge Partners with Alba Tech

SolarEdge Technologies, which provides Distributed Solar Power Harvesting and PV monitoring solutions, has announced a strategic partnership with Italian solar products distributor Alba Tech S.r.l., which also supplies solutions for turn-key photovoltaic plants.