Calisolar is the recipient of the first loan approved by the California Energy Commission as part of the Clean Energy Business Financing Program. The Sunnyvale, CA-based UMG solar cell manufacturer, one of seven companies announced as proposed awardees in July, will receive a $5 million loan to buy equipment to expand production. The CEBFP uses American Recovery and Reinvestment Act funds to provide up to $30.6 million in 2.75% low-interest loans to private businesses that improve or expand their energy efficiency or renewable energy manufacturing facilities in the state.
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