Taxpayer-subsidized solar cell maker shuts down
So much for green jobs being the wave of the future, as promised by President Obama. Taxpayer-subsidized solar cell maker Spectra-Watt has announced it is shuttering its plant. The Poughkeepsie Journal reports:
[quote]In a stunning reversal, the frequently lauded and taxpayer-funded SpectraWatt Inc. has told the state it will close its solar cell plant starting in March and lay off 117 workers.
OK, how far from economic viability are current technology solar cells if makers can’t make a profit even after large subsidies?!