Page 7 of the JCIDA/JCLDC loan-review packet presents a $650,000 loan request from Convalt Energy and summarizes its proposed solar-panel manufacturing operation in Jefferson County.
Equipment and site preparation
The packet reports that Convalt had purchased two production lines from SunPower for $21.7 million in cash and brought the equipment to the area. It describes plans for a 650,000-square-foot manufacturing building at the Jefferson County Industrial Park.
Financing the next stage
The requested loan was intended to support two new production lines. The document records the project’s equipment position and proposed financing at the review stage in March 2022.