DOE to hand out $112.5 million under SunShot solar power inititative

Filed under: Solar, Legislation and Policy

Under its SunShot Initiative, the U.S. Department of Energy announced that it will hand out up to $112.5 million over the next five years to fund the development of advanced solar photovoltaic (PV) manufacturing processes throughout the U.S. The Department says that its SunShot Advanced Manufacturing Partnerships will assist the solar power industry in overcoming technical barriers and reducing costs for PV installations. This, the DOE hopes, should help the U.S. regain its position as a worldwide leader in solar technologies.

The SunShot Initiative aims to reduce the total cost of solar energy systems by roughly 75 percent - equivalent to approximately $1 a watt or 6 cents per kilowatt-hour for utility systems - before 2020. Energy Secretary Steven Chu said in a statement that:

Expanding the U.S. solar energy industry is an important part of the Administration's goals to diversify our electricity supply and rebuild America's manufacturing base to create jobs now and in the future.

Hit the jump for a list of projects selected to receive funds under the SunShot Initiative.

[Source: Department of Energy]

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