An exerpt from The Oregonian:
SpectraWatt Inc., an Intel spinoff that planned to make solar cells in Hillsboro, may leave Oregon because it can’t find financing to build a plant.
Andrew Wilson, SpectraWatt’s chief executive, confirmed Wednesday that the company had suspended construction plans and was searching inside and outside the state for an existing building to retrofit for less money.
The development surprised Gov. Ted Kulongoski’s aides and state economic development officials, who had been negotiating tax breaks for the plant. “Have them call us,” said Jillian Schoene, a spokeswoman for Kulongoski, who is trying to attract more renewable-energy manufacturers to the state.
The setback could spell broader trouble for the governor’s green initiative. Or it could merely reveal one solar startup with unproven technology encountering obstacles and playing off Oregon against, say, New York.
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