First Solar will not receive a federal loan guarantee for a facility it is developing in California.
The Tempe-based company, whose 550-megawatt Topaz Solar Farm photovoltaic plant is under development in California's San Luis Obispo County, said Thursday there is insufficient time to process all requirements before a Sept. 30 deadline, and it is working with potential buyers to secure different financing that doesn't require U.S. Department of Energy approval.
Other California projects, including the 230-megawatt Antelope Valley Solar Ranch and 550-megawatt Desert Sunlight, received conditional committments for loan guarantees June 30 and remain in the DOE process, the company said.
JohnsonSmith posted at 2:40 am on Sat, Sep 24, 2011.
Solar PV maker First Solar Inc. (NASDAQ: FSLR) failed to meet a deadline in its application for a federal loan guarantee amounting to $1.9 billion for its Topaz solar farm project. The project was one of three that had received conditional loan commitments from the US Department of Energy, but the company’s press release renowned,
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AZinAK posted at 3:28 pm on Wed, Sep 28, 2011.
Hmmm, I'm not too worried about First Solar. They are still on for CPINE's 2GW solar project in China, despite the procurement controversies of last year.
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Peter01 posted at 3:59 am on Wed, Jan 11, 2012.
Good options are provided in this post.First solar will not receive a federal loan guarantee.Other California project got conditional commitment for loan guarantees.
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SMATS Group posted at 11:59 pm on Thu, Jan 19, 2012.
I am not happy over such news that first solar will not receive a federal loan guarantee because this project is highly needed at the time as per my opinion.However, I am quietly satisfied over the conditional commitments for loan guarantees for other California projects.
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AlexanderSmith posted at 2:12 am on Fri, Jan 20, 2012.
It has to recovered and find the buyer so that the money invested on it could be recovered easily.Its very enticing to know about the solar based company which is involved in producing the light.
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