PORTLAND — A government-backed solar power company says it will suspend its Portland operations in June and lay off 29 workers.
SoloPower notified the state last week and the notice was released Monday to the public. The San Jose, Calif., company says a significant downturn in business forced a major reorganization. The Oregonian reports SoloPower has received a $10 million loan and $20 million tax credit from state and local agencies that hoped the company would grow and create jobs. Instead of making conventional solar panels, SoloPower pioneered thin sheets that could be rolled onto roofs. But the sheets are more expensive than panels.