|The City of Chula Vista is one step closer to producing advanced clean technology. The California Energy Commission (CEC) recently announced the award of a $3.3 million low interest loan to Morgan Solar, Inc. to establish a concentrated photovoltaic solar panel manufacturing facility in Chula Vista.
Using American Recovery and Reinvestment Act (Recovery Act) funds, the CEC established the state's Clean Energy Business Financing Program (CEBFP) for California-based manufacturers of solar products. The CEC funding will allow Morgan Solar to move their existing Canadian facility to Chula Vista. The facility will have an annual capacity of 10 megawatts and should be operational by November 2011.
"The addition of Morgan Solar to the City of Chula Vista's business portfolio is another step towards our clean energy future, while creating jobs that will support our growth in this sector," said Mayor Cheryl Cox.
The project will create and/or retain an estimated 105 full-time jobs. The estimated annual production of solar panels from the facility will produce nearly 58 million kWh of electricity and offset almost 20,000 tons of CO2 per year. Morgan Solar will provide an estimated $3.3 million in leveraged funds.