U.S. Solar-Panel Maker Solyndra to Shut Plant, Curb Expansion, NYT Reports

03 Nov. 2010 by

BLOOMBERG - Solyndra Inc., a U.S. solar-panel maker that won a $535 million federal loan guarantee to built a new robotic factory, will say today that it will close an older plant and lay off staff, the New York Times said, citing an interview with Chief Executive Officer Brian Harrison.

The step shows how U.S. solar-energy companies are having trouble competing with Chinese companies that use more conventional technology, the newspaper said.

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