"My view is that the legislation will create clean energy jobs that cannot be shipped overseas" -- Representative Edward Markey of Massachusetts
Yeah, green jobs ain't going anywhere, 'eh, Markey?
"Mass. firm to produce solar panels in China" by Erin Ailworth, Globe Staff | May 2, 2009
Evergreen Solar Inc., a solar panel manufacturer with a factory in Devens, is teaming up with a Chinese company to produce solar panels in China.
By subcontracting with Jiawei Solar Co. in Wuhan, China, Evergreen will be able to expand its solar panel-making operation for less money than it could by building at other locations in the United States....
Chief executive Rick Feldt, speaking from China during an earnings call earlier this week, said his company will lease a factory being built on Jiawei's campus that is expected to cost between $40 million and $50 million. Evergreen officials hope to get financing for at least two-thirds of that cost - leaving the company to pay $15 million to $20 million....
From WHO? TAXPAYERS?
On Thursday, the company said its first-quarter revenues more than doubled from the same quarter last year, to $55.8 million. But it also lost $64.3 million in the first quarter of this year, in part, after writing off a loan to a silicon supplier.
Lost more than they took in, huh? Pffffffttt!
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