The Silicon Valley company will use the loan to expand production of photovoltaic cells.
The CEBFP program is using American Recovery and Reinvestment Act (ARRA) funds to provide up to $30.6m in 2.75% low-interest loans to private businesses to improve or expand their energy efficiency or renewable energy manufacturing facilities in California.
Calisolar CEO Sandra Lin said that by supporting manufacturers in renewable technologies, the California Energy Commission is having a direct impact on the ability of companies to create new jobs, introduce innovative systems and solutions that benefit the environment, and compete successfully in the global arena.
Calisolar has also been awarded a clean energy manufacturing tax credit of $51.6m in ARRA funding.
