Skip to content. | Skip to navigation

Founded in 1979, Solar Oregon is a 501 (c) (3) non-profit membership organization providing public education and community outreach to encourage Oregonians to choose solar energy.
Sections
You are here: Home News "Thin-film solar company eyes Portland area"

"Thin-film solar company eyes Portland area"

News: A new solar company could be coming to the metro area. Solexant has requested a $25 million loan from the Oregon Department of Energy’s state Energy Loan Program to finance a thin-film solar plant in the Gresham or Wilsonville area. The plant would eventually have the capacity the produce 400 megawatts of thin-film solar cells each year.

BY: Nathalie Weinstein
 The DJC - >>click here for original article

A new solar company could be coming to the metro area.

Solexant has requested a $25 million loan from the Oregon Department of Energy’s state Energy Loan Program to finance a thin-film solar plant in the Gresham or Wilsonville area. The plant would eventually have the capacity the produce 400 megawatts of thin-film solar cells each year.

Thin-film solar technology is being pursued by many start ups because of its high performance, increased efficiency and reduced manufacturing cost. The thin-film solar cells are made by laying thin layers of photovoltaic material over a thin slice of semiconductor material.

Though Solexant spokeswoman Wei-En Tan said it’s too soon for the company to go into details about the proposed plant, the company will be meeting with the Department of Energy in Salem on Tuesday, May 25 to review the loan request.

According to Diana Enright, spokeswoman for the Oregon Department of Energy, the $25 million loan would be given in three disbursements. An initial $6 million loan would be given to Solexant for a building renovation and installation of manufacturing equipment to bring the plant up to a capacity of 100 megawatts. The rest of the loan would be awarded later.

Department of Energy director Bob Repine will have the final say on whether to give Solexant the loan.

Venture capital-backed Solexant has been around since 2006 when it was founded by Damoder Reddy with scientists Paul Alivisatos, Paras Prasad and Sue Carter.

 
Personal tools
powered by Plone | site by Groundwire Consulting and served with clean energy