Posted: 07/20/2012 01:00:00 AM MDT
By Mark Jaffe
The Denver Post
A solar plant in Alamosa built by Cogentrix LLC is up and providing electricity to Xcel Energy — but the closure of the factory producing the plant's solar panels has raised questions about its future.
The 30-megwatt plant, estimated to cost between $140 million and $150 million, received a $90.6 million federal loan guarantee from the Department of Energy.
Cogentrix is owned by Goldman Sachs, the New York-based investment bank.
Amonix, the maker of the concentrating photovoltaic panels used at the Cogentrix plant, announced Thursday it closed its 150-megawatt Nevada factory as part of restructuring to "parallel changing market conditions." It still has a 5 -megawatt factory in Hatch, N.M.
Lower demand for the high-tech solar panels, which use lenses to concentrate the sun's rays and boost panel output, led to the closure, Amonix said.
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