Doe Awards First Loan Guarantee To Pv Company

摘要

In a long-delayed milestone for the program, the Energy Department announced Friday it has awarded a $535 million loan guarantee authorized by the 2005 Energy Policy Act to California-based Solyndra Inc. to support construction of a second commercial-scale manufacturing plant for the company's proprietary cylindrical photovoltaic panels.rnThe Solyndra loan guarantee is the first to emerge under the EPACT program, which was established to speed the deployment of low-carbon energy technologies but has been plagued-to the consternation of lawmakers-by delays stemming mainly from policy disputes between the Bush administration DOE and Office of Management and Budget.