Stimulus funded solar company expanding… in China

Solar companies SunPower Corp., which received a conditional guarantee for a $1.2 billion loan from the feds in the spring of 2011, and First Solar Inc., which received a $4.5 billion loan guarantee from the U.S. Energy Department the same year, announced on Monday their plans to expand — in China.

“First Solar, the biggest U.S. solar panel maker, agreed to supply 2 megawatts (MW) of its thin-film solar modules to a solar project in Xinjiang province in western China, in the first quarter of 2013,” Reuters reports.

According to First Solar, this will be the company’s first commercial demonstration project in China

The Blaze