Solar Power assets up for sale
The assets of a solar panel manufacturer that employed more than 200 workers in Westmoreland County a few years ago will be auctioned off starting Sept. 18.
Solar Power Industries Inc. has said it fell victim to competition from Chinese companies that could make cheaper silicon wafers and solar cells used to generate electricity, and to a drop in demand for its products.
The Rostraver-based company manufactured wafers and cells in plants there, and in part of the former Sony Corp. plant in East Huntingdon.
Auction servicer Heritage Global Partners said in an announcement Wednesday that it first will consider bulk offers for all of Solar Power's assets, including assumption of a lease in order to continue operations, when the sale starts on Sept. 18.
If there are no takers, offers then would be considered for all assets to be removed, with no lease, but equipment also could be sold piecemeal in an online auction on Sept. 19 and 20.
Craig Thompson of San Diego-based Heritage Global said Solar Power still is in operation, but he doesn't know how many workers remain.
A spokesman for the company couldn't be reached for comment. CEO John A. Skiavo of the Economic Growth Connection of Westmoreland declined to comment.
Thompson said Heritage Global handles a lot of solar industry auctions, and expects “a significant number of worldwide buyers.”
Bidders for Solar Power's assembly line machinery could be other solar manufacturers, or investors who want to get into that business, he said. Potential bidders can preview a manufacturing site on Jonathan Willey Road, near the Rostraver Airport, on Sept. 18.
Solar Power announced in June 2011 that it would cut 176 workers from its Rostraver and East Huntingdon locations, and of the 75 that remained, several were assigned to partial work weeks.
The company at one point envisioned a $40 million manufacturing center at the former Sony facility, adding 375 jobs over three years. A $7.5 million state grant and $6.5 million low-interest state loan over 10 years supported that plan.
Kim Leonard is a staff writer for Trib Total Media. She can be reached at 412-380-5606 or email@example.com.
Show commenting policy
TribLive commenting policy
You are solely responsible for your comments and by using TribLive.com you agree to our Terms of Service.
We moderate comments. Our goal is to provide substantive commentary for a general readership. By screening submissions, we provide a space where readers can share intelligent and informed commentary that enhances the quality of our news and information.
While most comments will be posted if they are on-topic and not abusive, moderating decisions are subjective. We will make them as carefully and consistently as we can. Because of the volume of reader comments, we cannot review individual moderation decisions with readers.
We value thoughtful comments representing a range of views that make their point quickly and politely. We make an effort to protect discussions from repeated comments either by the same reader or different readers.
We follow the same standards for taste as the daily newspaper. A few things we won't tolerate: personal attacks, obscenity, vulgarity, profanity (including expletives and letters followed by dashes), commercial promotion, impersonations, incoherence, proselytizing and SHOUTING. Don't include URLs to Web sites.
We do not edit comments. They are either approved or deleted. We reserve the right to edit a comment that is quoted or excerpted in an article. In this case, we may fix spelling and punctuation.
We welcome strong opinions and criticism of our work, but we don't want comments to become bogged down with discussions of our policies and we will moderate accordingly.
We appreciate it when readers and people quoted in articles or blog posts point out errors of fact or emphasis and will investigate all assertions. But these suggestions should be sent via e-mail. To avoid distracting other readers, we won't publish comments that suggest a correction. Instead, corrections will be made in a blog post or in an article.
- Roundup: Wealth gap largest on record, Pew study shows; McDonald’s in Japan limits orders of fries; more
- Starkey: Pederson had to go at Pitt
- Pederson’s 2nd tenure as the athletic director at Pitt comes to abrupt end
- Chryst returns home, named football coach at Wisconsin
- Philly DA says no affidavits claimed by AG Kane in bribery case existed
- Steelers, young and old, thirst for opportunity to reach the postseason
- QB Smith is chief concern for Steelers’ defense
- Demolition project at Oliver’s Pourhouse in Greensburg moves forward
- Home of LeNature’s exec up for sale
- Penguins continue to thrive, despite spate of ailments
- Rice Energy spin-off priced below expected range