The CEO of a once-promising solar company is furious at state lawmakers for rejecting a tax break and has abandoned plans to build a manufacturing plant in Wood Village.
Aliso Viejo, Calif.-based XSunX Inc. arrived in Portland in 2007 with plans to open a 90,000-square-foot plant to make thin-film solar modules with an initial capacity of 25 megawatts.
The company planned to grow to a capacity of 33 megawatts and 150 workers, leasing a facility owned and recently vacated by Merix Corp.
CEO Tom Djokovich said the company had nearly $50 million in financing lined up to outfit the plant and was awaiting state approval for its Business Energy Tax Credit application.
Erik Siemers, Portland Business Journal – http://portland.bizjournals.com/portland/stories/2009/09/14/story1.html