Solyndra Inc. has started construction of a second solar panel manufacturing plant in Fremont, California. The project is being financed by a $535,000,000 US loan from the DOE under the Recovery Act and Title XVII of the Energy Policy Act of 2005, along with $198,000,000 US from an equity financing round led by Argonaut Private Equity. The facility is expected to produce 500 MW of solar panels/year, and will introduce into large-scale commercial operation a new and highly innovative process for manufacturing the company’s cylindrical solar PV panels. (Source: U.S. DOE September 4, 2009/AZO Build, September 7, 2009)

Contact: Kelly Truman, VP, Marketing, Sales and Business Development, Solyndra Inc. (510) 440-2400,