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Article: United States: With $535M federal loan, Solyndra begins work on Fremont solar-panel plant.
- Article from:
- TendersInfo
- Article date:
- September 5, 2009
CopyrightCOPYRIGHT 2009 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sanjayV03
Giving a timely boost of stimulus to this city in the wake of the news that the giant NUMMI plant will close, and helping to cement the Bay Area as a center of the clean-tech industry, solar-panel maker Solyndra said Friday it would use a $535 million loan guarantee from the federal government to build a factory here that will ultimately employ 2,000 people.
Gov. Arnold Schwarzenegger and U.S. Energy Secretary Steven Chu came to Solyndra's headquarters just off Interstate 880, joined by Vice President Joe Biden via satellite, for the announcement that the company will construct a $733 million solar-panel manufacturing plant that would ...