First Solar, Exelon Receive Antelope Energy Department Funds

First Solar Inc., the biggest maker of thin-film solar panels, received funding from the U.S. Energy Department that paves the way for Exelon Corp. to complete its acquisition of the Antilope Valley Solar Ranch One $1.36 billion power project.

First Solar got the first advance under the loan guarantee program, the Tempe, Arizona-based company said today in a statement.