Tens of Billions in Loan Guarantees Targeted at Cleantech Companies

The Department of Energy plans another big year of guaranteeing loans for renewable energy projects. In the past 14 months, the DOE’s largest loan guarantee program (called Section 1705) awarded almost $26 billion to 23 renewable energy projects being run by companies such as BrightSource Energy and Abound Solar. The program has the financial assets […]

Abound Solar Secures $400 Million DOE Loan

Abound Solar, a Ft. Collins, Colo.-based thin-film photovoltaic module maker, said that the U.S. Department of Energy has offered a conditional commitment for a $400 million, seven-year loan guarantee to expand the company’s solar module manufacturing capabilities. Abound Solar has raised over $100 million in VC funding from DCM, Technology Partners, GLG Partners, Bohemian Cos. and Invus LP.

Solar Startup Abound Looks To Take on First Solar

LOS ANGELES (Reuters) – Abound Solar, a U.S. solar startup whose top rival is low-cost industry leader First Solar Inc (FSLR.O), starts production at its first factory on Tuesday, promising that it will lead the way to making solar competitive with power from dirtier sources. Abound, a private company that was known as AVA Solar […]

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