California, which has the largest number of solar installations in the US and is the capital of solar energy in North America is seeing a rapid exit of solar panel manufacturers.
Sanyo, which Panasonic acquired a couple of years ago, had started the California facility back in 2003 when most of the big Chinese solar companies did not exist. But today, 140 Solar Jobs will be lost as Panasonic, like plenty of others, shift solar manufacturing to Asia.
Panasonic’s California Solar Operations Go Dark originally appeared in Green Chip Stocks. Green Chip Review is a free 2x-per-week newsletter, is the first advisory to focus exclusively on investments in alternative and renewable energies.