In this week’s San Diego Explained, Lisa Halverstadt and NBC 7’s Catherine Garcia lay out how a solar manufacturing company that rolled into town amid lots of fanfare is now struggling to survive in San Diego.
The darling of San Diego solar manufacturing announced Monday it’s laying off about 100 workers.
Rancho Bernardo solar producer Soitec has announced it’ll scale back its San Diego factory next year but it’s not clear how much.
Soitec, a solar panel manufacturer that’s benefited from significant public investments, is flailing just three years after its splashy arrival in San Diego.
San Diego’s economic developers say city business incentives and non-monetary assistance are all about making the company feel warm and fuzzy about being here.
Increasing the fee for big developers isn’t a cure-all.
A former Sanders official said a big solar company wouldn’t have come to San Diego if the affordable housing fee increase that just passed had been in place. But a company spokeswoman says it would have come regardless.
Clean-tech innovators like biofuel and solar energy companies have growing footholds in San Diego. But the sector also faces difficulties that could sap momentum.