SoloPower will receive a $197 million federal loan guarantee to expand its Wilsonville plant, and terms of the loan require the company to stick around for 10 years.
SoloPower will receive a $197 million federal loan guarantee to expand its Wilsonville plant, and terms of the loan require the company to stick around for 10 years.
The Silicon Valley startup makes thin-film solar panels.
Sen. Jeff Merkley, D-Ore., said the plant in Wilsonville is bringing 1,000 construction jobs and 500 manufacturing jobs to Oregon, which has become a leader in photovoltaic solar panel production.
SoloPower CEO Tim Harris said the company is not likely to walk away from the plant after just a few years and take the jobs overseas, the way another solar panel maker did in Massachusetts.
Read more at The Register-Guard.
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