Washington D.C.–(ENEWSPF)–December 15, 2010. U.S. Energy Secretary Steven Chu announced today that a $400 million loan guarantee has been finalized for Abound Solar Manufacturing, LLC to manufacture state-of-the-art thin-film solar panels. The Abound Solar project represents the fifth Recovery Act project to close to date. The project, which includes facilities in Longmont, Colorado, and Tipton, Indiana, will use new manufacturing technology for Cadmium-Telluride panels that has never before been deployed commercially in the world. At full capacity, the project will be capable of producing 840 megawatts of solar panels each year.
