Solar Project's Permit Problem Holds Up $646M DOE Loan

Law360, New York (February 10, 2012, 3:26 PM EST) -- Alternative energy company First Solar Inc.'s solar project in California may be in jeopardy because a permit issue is holding up $646 million in U.S. Department of Energy funding, First Solar said in a regulatory filing Thursday.

In a filing with the U.S. Securities and Exchange Commission, Tempe, Ariz.-based First Solar said the federal loan guarantee by the DOE for the Antelope Valley Solar Ranch One project is on hold pending resolution of an outstanding construction permit issue.

First Solar sold the project to Exelon Corp....
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