Report: Mass. 'Clean Energy' Plant Closing After $58 Million in State Aid
(CNSNews.com) - A clean energy company is closing its factory in Massachusetts, just two years after it opened the solar plant with about $58-million in taxpayer subsidies, the Boston Globe reported. Evergreen Solar calls itself a victim of weak demand and competition from cheaper suppliers in China.
The newspaper describes Evergreen Solar's closing a major hit to Democratic Governor Deval Patrick’s efforts to make Massachusetts a hub of the emerging clean-energy industry.
"The administration persuaded Evergreen to build at Devens with a package of grants, land, loans, and other aid originally valued at $76 million. The company ended up taking about $58 million, one of the largest aid packages Massachusetts has provided to a private company," the newspaper reported.
Gov. Patrick, a VIP at Evergreen's 2008 ribbon cutting, was heavily criticized by his rivals in 2010 for providing so much public aid to a company during tight fiscal times.
The Evergreen closing will eliminate 800 jobs in the commonwealth, the Globe reported.