Solar photovoltaic firm Solopower sells off equipment, prepares for layoffs

SoloPower, a manufacturer of photovoltaic solar modules, sold thousands of dollars’ worth of equipment from its California headquarters last week and is preparing for more layoffs, according to a report from the Oregonian.
The company recently avoided foreclosure on its Portland equipment by making a last-minute $50,800 payment on a $10 million loan from the Oregon Department of Energy, according to the report. The auction of the solar energy company’s California equipment came a week after the company laid off 61 employees in California. The company also plans to cut 33 more jobs in California in June and will shut down its plant in North Portland and lay off 29 employees there.

Written by Editors of Electric Light & Power/ POWERGRID International. To read the full article, click here

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