Thin-film solar-panel maker Solyndra will announce today it plans to close its Fab 1 plant in Fremont, Calif., The New York Times has reported.
The closing will result in 40 Solyndra employees being laid off. Another 150 subcontractors will not have their current work contracts renewed, according to the report.
But the news follows the opening of Solyndra's state-of-the-art Fab 2 plant near its original Fremont plant just weeks ago, which was built in part with a $535 million federal loan guarantee from the Department of Energy.
The Fab 2 plant, when fully operational, is capable of producing 500-megawatts … Read more