SoloPower commits to staying in Oregon 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.

Share this article!

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.

{biztweet}solopower{/biztweet}




Latest from Oregon Business Team