Sunday, January 18, 2009

Solar Manufacturing: Not So Sunny


The recession has cast clouds over once fast-growing solar manufacturers.

California-based OptiSolar is laying off close to half of its workers at what it had hoped would become a huge solar-panel plant near Sacramento.

Austin-based HelioVolt, a thin-film solar manufacturer, is also cutting jobs, as reportedly is SunEdison.

Evergreen Solar, a solar manufacturer, announced that it would close down a pilot plant in Massachusetts as a cash-saving measure; it will incur a $25 million charge for writing off equipment. Most employees will be transferred to another Massachusetts factory, which is expanding.

See full Article.