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I_B_GREEN
Here in US
I_B_GREEN
But the other part even more important on the bigger issue of the whole PV ...
Seagate to buy former Solyndra plant
Brian Fuller
8/23/2012 11:06 PM EDT
SAN FRANCISCO -- Disk drive giant Seagate said late Thursday (Aug. 23) it will buy the huge Solyndra solar-panel plant in Fremont, Calif., for $90.3 million, according to published reports.
The 412,000-foot facility, a symbol of high-flying technology ambitions come to earth, will sell for 70 percent below the $300 million cost of construction of the building, according to a report on Mercurynews.com.
The U.S. Energy Department backed the development in its $535 million loan guarantee to Solyndra.
The facility, which President Obama visited in February 2010, sits on 30 acres next to Interstate 880 in Fremont on the eastern side of the Silicon Valley. Seagate is headquartered in Cupertino on the western edge of the valley.
Seagate spokesman Brian Ziel told the Mercury News there will be a 45-day due-diligence period and "if and when the purchase is complete, we will provide our plans for use of the building."
Related stories:
--Solyndra's white elephant
--Picking up the pieces after solar-gate
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walken1
8/24/2012 2:41 PM EDT
Well, if this comes to pass then kudos to Seagate for expanding manufacturing (which I assume is what the old Solyndra facility will be used for) on the domestic front.
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selinz
8/24/2012 7:43 PM EDT
Presumably, this means a net increase of jobs in the Bay area?
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daleste
8/24/2012 11:00 PM EDT
It least an American company will profit from Obama's folly.
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pinhead
8/27/2012 2:13 PM EDT
You mean Bush's folly? http://www.politifact.com/truth-o-meter/statements/2011/nov/17/david-plouffe/solyndra-loan-george-w-bush-david-plouffe/
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C VanDorne
8/27/2012 5:43 PM EDT
David Plouffe? An Obama hack? Well, now there's a reliable source on Obama's record.
(Dripping sarcasm hopefully evident)
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eewiz
8/25/2012 4:24 AM EDT
300m worth stuff for 90m. So basically its like seagate getting free public money. Isnt it?
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C VanDorne
8/27/2012 5:46 PM EDT
Good question. I just want to know to whom will the check be written? The US treasury? The Chinese? The Obama campaign? The Obama bundler that ran Solyndra? George Soros?
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elctrnx_lyf
8/25/2012 2:06 PM EDT
Will swag ate start manufacturing in us with this acquisition of solyindra plant.
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Robotics Developer
8/25/2012 10:09 PM EDT
I am happy to see a company growing in the US! I hope that the money from the purchase comes back to the taxpayers! I wonder how many other failed US backed enterprises will be sold for pennies on the US tax dollar?
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Patk0317
8/26/2012 10:23 AM EDT
Can't wait to hear their plans for the site. It is a prime location and they are getting it for a song. Unfortunately the $290,000,000 loss is being financed in part by ... Me.
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kinnar
8/27/2012 7:51 AM EDT
This kind of setbacks will can not be afford by the Green Initiatives, it is a very sad closing of one of the good initiative, may be Seagate can strengthen the motive instead of completely destroying it.
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C VanDorne
8/27/2012 5:48 PM EDT
It would have been much more delicious if Ford bought it to manufacture Mustangs. 5.0s of course.
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I_B_GREEN
9/13/2012 8:16 PM EDT
The problem with solindra is there efficiency sucked, the deployment mounting sucked and did not deliver as promissed in terms of output and the rich backers got bailout money from the government same problem demospends or republcants give to rich and recover the blunder from the middle clsss via taxes.
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I_B_GREEN
9/13/2012 8:19 PM EDT
But the other part even more important on the bigger issue of the whole PV industry in US is that the chinese outsubsidised their PV manufacturers more than we did. this is the over reaching weight around the neck of the PV industry.
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I_B_GREEN
9/13/2012 8:19 PM EDT
Here in US
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