When Solyndra went bankrupt and cost taxpayers up to $530 million,
the Obama administration's green energy loan program was subjected to
congressional hearings and became an election-year issue. Now, another
solar panel company may be headed for a similar fate.
SoloPower, which makes thin-film solar panels at a new plant in
Portland, Ore., opened Sept. 27 with an upbeat ribbon-cutting ceremony.
Local and state politicians gushed about the company eventually
operating four production lines and creating 450 well-paid green jobs.
Just a few months later, those predictions, and SoloPower's future, are on shaky ground.
The first production line was never completed. In January, the
company had a round of layoffs. SoloPower won't say how many of its 60
employees received pink slips.
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