OptiSolar Cuts Workforce, Halts Construction

SustainableBusiness.com News

Thin-film solar company OptiSolar has reduced its work force by half and stopped construction on its Sacramento, California manufacturing plant, due to a lack of funding, according to a Reuters report.

The company said the scale-down would not affect its deal with PG&E Corp (PCG.N) to build a 550-megawatt solar power plant in central California beginning in 2010.

The company said that it is applying for loan guarantees from the U.S. Department of Energy.

Read full coverage at the link below.

Website: http://www.reuters.com/article/marketsNews/idAFN1318228720090114?rpc=44

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