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Intel solar spinoff announces NY plant closing
The News Tribune ^ | 12/22/10 | ap

Posted on 12/22/2010 12:08:26 PM PST by Nachum

WICCOPEE — 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.

The announcement was startling because in the past two months, the company, which had been promised about $8 million in tax dollars, planned to train more workers and changed its work shifts to enable a 24-hour operation.

In a news release, the company said it hopes to reverse the situation that led to the decision, but SpectraWatt officials did not respond to requests for details.

(Excerpt) Read more at thenewstribune.com ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: green; intel; jobs; shoots; solar; spectrawatt; spinoff; stimulus
Obamanomics
1 posted on 12/22/2010 12:08:27 PM PST by Nachum
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To: Nachum

How’s that green jobs thing working out for you, Obama?


2 posted on 12/22/2010 12:13:32 PM PST by thethirddegree
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To: Nachum

I be workin’ the night shift at the sunshine plant.


3 posted on 12/22/2010 12:15:10 PM PST by barb-tex (What else did you expect from the likes of 0? BTW, What ever happened to Rhodesia?, Oh, yes, Zimbabw)
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To: Nachum
Obamanomics

Not exactly--was nearly all private investment and this is just the type of place Obamanomics would keep open.

In any case, it's sad news. This conservative area has been hard hit by Gov. Paterson, and now this.

4 posted on 12/22/2010 12:15:29 PM PST by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: Nachum

More Obama Green Shits.


5 posted on 12/22/2010 12:41:22 PM PST by VeniVidiVici (Barack Obama - Racing to beat Jimmy Carter for 'Worst President Ever')
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To: Nachum
Turns out their demand forecast was prepared by the same guy who predicts unemployment numbers for DoC ... you know, the guy who gets surprised at every turn.

So ... the "unexpected" snow in winter made installation of solar panels in Europe problematic. Solution? Stop production next March so the uptick in demand during the summer months can go unmet.

Nice excuse for the real problem, learning that the cost of doing business in upstate NY is just too high for international sales when subsidies shrink.

6 posted on 12/22/2010 12:43:52 PM PST by NonValueAdded (Palin 2012: don't retreat, just reload)
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To: Gondring

more private investment or not, still bad technology that no one wants or needs....


7 posted on 12/22/2010 12:45:29 PM PST by raygunfan
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To: Nachum
In a short news release, SpectraWatt blamed the shutdown on a steep decline in demand for solar cells due to a harsher-than-usual European winter.

Update from the Irony Czar.

8 posted on 12/22/2010 12:52:40 PM PST by PDMiller
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To: Nachum

This is the new GREEN ECONOMY or as Obama refers to it “The New Normal”

How bout them Green Jobs, The idiot left has been living in fantasy land. If their Green Fantasies won’t come true with their savior running they country, they never will.


9 posted on 12/22/2010 1:05:23 PM PST by dila813
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To: Nachum

UNEXPECTED!


10 posted on 12/22/2010 1:05:54 PM PST by FormerACLUmember (Character is defined by how we treat those who society says have no value.)
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To: PDMiller

LOL, great post bub


11 posted on 12/22/2010 1:06:20 PM PST by dila813
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To: Gondring
Not exactly--was nearly all private investment and this is just the type of place Obamanomics would keep open.

WICCOPEE — In a stunning reversal, the frequently lauded and taxpayer-funded SpectraWatt Inc. ...

Okay, what am I missing here?

12 posted on 12/22/2010 1:13:25 PM PST by raybbr (Someone who invades another country is NOT an immigrant - illegal or otherwise.)
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To: NonValueAdded

It’s expensive to out spend the local and state tax rates, which any manufacture for the last 50 years that fled, ran, moved, escaped, off shored, shut down, went out of business could of told them.


13 posted on 12/22/2010 1:19:19 PM PST by Leisler (They always lie, and have for so much and for so long, that they no longer know what about.)
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To: Jet Jaguar; NorwegianViking; ExTexasRedhead; HollyB; FromLori; EricTheRed_VocalMinority; ...

The list, ping

Let me know if you would like to be on or off the ping list

http://www.nachumlist.com/


14 posted on 12/22/2010 1:19:48 PM PST by Nachum (The complete Obama list at www.nachumlist.com)
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To: Nachum

NY State Gov’t + Tax subsidies + Eco Fantasies + Trendy Media themes = recipe for dismal failure.

If there was a way to bet against this venture, I would have done it.


15 posted on 12/22/2010 1:23:47 PM PST by PGR88
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To: Nachum
Several months ago, China announced they had invested over $25 BILLION in their Solar energy production facilities/plants/companies.

Anyone making solar panels anywhere but China will FAIL.

16 posted on 12/22/2010 1:45:59 PM PST by muleskinner
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To: raybbr
Okay, what am I missing here?

The other 90+%

17 posted on 12/22/2010 2:01:29 PM PST by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: Nachum; a fool in paradise
It's not easy being...


18 posted on 12/22/2010 2:08:27 PM PST by Revolting cat! (Let us prey!)
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To: NonValueAdded

“So ... the “unexpected” snow in winter made installation of solar panels in Europe problematic. Solution? Stop production next March so the uptick in demand during the summer months can go unmet.

Nice excuse for the real problem, learning that the cost of doing business in upstate NY is just too high for international sales when subsidies shrink. “

This reminds me of the excuse the US News & World Report just published to explain the population movement from the northern anti-Galt states to the southern pro-Galt states: everyone moved because it was warmer in Texas, Florida, and Georgia! Thought I would laugh my butt off when I saw that. Heck, if you believe this reasoning, then global warming would be a good thing for the Marxist states, as it would keep their subjects from moving away!


19 posted on 12/22/2010 4:37:36 PM PST by catnipman (Cat Nipman: Made from the right stuff!)
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To: Leisler
It’s expensive to out spend the local and state tax rates, which any manufacture for the last 50 years that fled, ran, moved, escaped, off shored, shut down, went out of business could of told them.

The "government-funded" part is the fact that they got tax breaks. I hate that we have high tax rates that get cut for some businesses and not others, but that seems to be the modern way.

More importantly, American workers are expensive.

20 posted on 12/22/2010 5:53:24 PM PST by Gondring (Paul Revere would have been flamed as a naysayer troll and told to go back to Boston.)
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To: Nachum

I read in the WSJ today that Boone Pickens has $2 billion in GE windmills he can’t use in the US because cheap nat gas produced by fracking has dramatically undercut wind as a souce of low carbon electricity.

Apparently ole Boonie is trying to sell them to Canada where they are required by govt edict.


21 posted on 12/22/2010 6:00:21 PM PST by nascarnation
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To: Nachum
Solar electric will become competitive after the left has succeeded in regulating out coal, nuclear, oil, natural gas, and hydro power. The tax subsidies necessary to sustain it until then come from a dwindling private sector. The partners of the Marxists are currently Ahmadenijad, Chavez, and their circle. The Chinese and Russians will be around to pick the carcass. Ahmadenijad will have little use for spoiled bureaucrats, and have a barbecue with the many gays and lesbians.

This has been Holdren’s plan since his E.F. Shumacher days, and preceded him with his mentor, Paul Ehrlich, whose idiotic zero population growth theories have been big sellers for years, in spite of the failure of virtually all of his dire predictions.

This is what happens when the acolytes are poly sci majors who don't understand science or engineering. The lawyers make money either way, until there is no more. The media make their living by sounding authoritative and towing the line that pays them. Solar flux density is simply too low to provide sufficient high quality energy to be competitive with the concentrated energy in atoms, hydrocarbon fuels, or, where it is practical, stored gravitational energy/hydro-power.

The smart guys, and Holdren, while he has never done any real science, is smart, are using the ignorance of the proletariat to destroy our economy so they can take control. Holdren wrote for Ramparts rather than do any experiments at Berkeley. He was part of a Marxist cell. It was no secret. Like most bourgeois Marxists, he lives very well, in luxury on Cape Cod dispensing Marxist science policy, paid from endowment money made by a conservative, the deceased husband of Theresa Heinz (Kerry).

The left is another version of Madoff's operation. They know its a ponzy scheme and know nothing they fund will generate positive cash flow or produce anything. It is their claimed goal to impoverish the workers while they control the justice department and military. It is this writer's opinion that Marxism is a convenient explaination for why they people have never produced anything themselves. That none of them produces anything is the true uniting princile of Marxism. It is the arrogance of the idle rich. Look at Obama's vacation-filled life, punctuated by brief appearances with his teleprompter.

It isn't necessary to know the details of the solar electric venture. Physics says they can't compete. Solar can compete with law grade energy for heating swimming pools in warm climates, or boosting the temperature of water for bathing or cooking. It isn't necessary to argue the engineering numbers, but they are not hard come by. Economics obviates the need to look carefully at the numbers. If it made economic sense, and where it does, solar applications survive.

Intel would carry the burden of laying off employees, unemployment and health insurance, handling private investor's legal challenges, disposing of properties, and probably, paying off the agencies who got them tax subsidies and grants. These subsidies will die with the Tea Party-driven House. They would have died in two years when Obama disappears (hopefully into prison for election fraud, having sworn he was a natural born citizen). Two years of negative cash flow makes no sense for Intel, whose business will grow outside the U.S. as the U.S. economy sinks.

New York and California have lots of similarities. California has its idiotic “Tesla” boondoggle just icing on the cake, and just rushed a bill to fund a dozen or so solar thermal electric projects, all of which will shortly be memorials to the Utopian disaster which was the Obama administration. Thank goodness the red states will pull the plug on the allowance which has allowed the crooks in Sacramento to pile on more and more dept as they direct payoffs to their political cronies. It is appropriate that “Moonbeam” will be in office when it fails completely. Intel did the right thing. With Tea Parties rather than RINOs and Democrats running The House there will be no more giant slush funds for a while. Solar electric and wind are both about payoffs - polemical props of the Marxists.

22 posted on 12/22/2010 7:06:26 PM PST by Spaulding
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