Solexant to Build Solar Facility in Oregon

7/21/10

San Jose, CA-based ultrathin-film PV developer Solexant said Tuesday that it has chosen to build its first commercial-scale nanocrystal manufacturing facility in Gresham, OR. The 100MW 100,000 to 150,000-square-foot plant will be the largest nanotechnology manufacturing facility in the world and the state’s first thin film solar manufacturing space. Solexant said it plans to receive a $18.75 million Business Energy Tax Credit (BETC) and a $25 million SELP loan from the Oregon Department of Energy (ODOE), the largest loan amount in the 30-year history of the state’s energy loan program. The funding, alongside another $64 million in equity financing Solexant has raised to date, will enable it to build the new manufacturing line in 2011, as well as additional 100MW lines in the future. The new plant will employ up to 200 Oregonians.

Thea Chard is a correspondent for Xconomy Seattle. You can e-mail her at theachard@gmail.com or follow her on Twitter at http://twitter.com/theachard. Follow @

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