Solyndra: Fab 2 Construction Begins
Date: 09/04/2009
Company: Solyndra
Source: Greentech Media
The California CIGS thin-film company breaks ground on its second factory complex, which will be partly financed by the federal $535 million loan.
There were shovels and dirt. Gov. Schwarzenegger and Energy Secretary Steve Chu. And a pre-Labor Day fanfare to make the point that a hefty investment of public money in a startup solar panel company will create jobs and more jobs.
Solyndra held a ground-breaking ceremony Friday morning for its second factory (Fab 2) complex less than a mile from its headquarters in Fremont, Calif.
The company has garnered a lot of attention not only for its unusual solar panel design, but also for being the first company to receive a U.S. Department of Energy Loan guarantee funded by the American Recovery and Reinvestment Act.
“If you build a better solar panel, then the world will beat a path to your door,” Chu said.
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