Abound Solar, which makes thin-film cadmium telluride solar panels, has attained certifications that will allow the company to receive feed-in tariffs in the U.K. and pursue sales there aggressively.
With a feed-in tariff, utilities agree to pay a premium, but stable, rate for power generated from renewable sources, both as the utility uses the power, or as it is fed back through the grid to be… → Read More
Colorado-based Abound Solar— the makers of cadmium telluride (CdTe) thin-film solar modules designed for use in large solar power installations, versus residential or small commercial systems— raised a $110 million equity round, and secured a $400 million loan guarantee from the United States Department of Energy the company announced today.
Federal and equity financing of this magnitude… → Read More
In his weekly address on Saturday, President Obama announced the Department of Energy will loan almost $2 billion to two solar energy companies: Abengoa Solar and Abound Solar Manufacturing. The loans will go towards developing solar energy plants.
With the funding, Abengoa will build a solar plant in Arizona that can power 70,000 homes. When completed in 2013, the plant will be one of the… → Read More