Schott Solar plant deal goes dark
McCune Solar Works said it is no longer in talks to take over the closed Schott Solar facility at Mesa del Sol.
In September, McCune Solar Works announced it was taking over the shuttered Schott Solar facility at Mesa del Sol.
But, on Thursday the solar company’s CEO Chuck McCune told Albuquerque Business First, “Our negotiations at Schott broke down at the very end. Our investors and us are looking at other locations in the state. Our commitment to solar and New Mexico have not changed.”
McCune had planned to takeover the facility and start manufacturing photovoltaic panels. Schott closed the facility earlier in the year and laid off its 200 employees. McCune had promised to re-hire about 130 of those.
McCune Solar CEO Chuck McCune has a background in philanthropy and as a contractor. His nonprofit, the Prizm Foundation, has worked in Haiti and has provided job training assistance for the state of New Mexico.
The move came at a tough time in the solar business. The solar market is price-sensitive, and Schott’s panels, though they are a premium panel, cost about 10 to 20 percent more than competing panels.
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