SoloPower nets DOE loan to build thin film photovoltaic module facilities

San Jose, Calif., August 19, 2011 — SoloPower, a San Jose, California-based manufacturer of flexible thin film solar cells and modules, announced today that it has received a $197 million loan guarantee from the U.S. Department of Energy's Loan Programs Office.

The guarantee will support the construction and operation of three facilities that are expected to produce about 400 MW of thin film photovoltaic modules annually.

In addition to expanding its existing operation in San Jose, California, SoloPower will construct and operate two new facilities in Portland, Oregon. Together, these facilities will provide 450 permanent jobs, 270 construction jobs and several hundred additional supply chain jobs.

SoloPower uses manufacturing technology to produce low-cost, high efficiency copper, indium, gallium and (di)selenide based photovoltaic cells. The CIGS cells are then packaged into unique, flexible, lightweight solar modules. The modules require less balance-of-system hardware and are easier to install than traditional solar panels.

SoloPower recently began making improvements to its existing facility in San Jose, California to accommodate the capacity expansion. Construction on the first high-volume facility in Portland, Oregon is anticipated to start next month.

SoloPower, Inc. produces durable, lightweight modules which employ its solar cell devices fabricated with copper indium gallium di-selenide, using a proprietary roll-to-roll electrodeposition process. SoloPower modules are certified to both UL and IEC standards. The company's corporate headquarters are located in San Jose, California.

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