SunEdison will sell the Castle Gap power
to Dallas-based Luminant electric utility.
Financially troubled SunEdison said Thursday it will permanently shutter its manufacturing plant in Pasadena and eliminate 180 jobs as part of a plan to help restore the company’s stability.
SunEdison, the largest global renewable energy development company, has grown substantially in recent years but now finds itself dealing with potentially crippling debt as its stock has tanked.
The local manufactures polysilicon, a primary building block of solar panels. SunEdison blamed the closure largely on trade decisions made by China. The company said China recently imposed a 53.6 percent tariff on SunEdison’s polysilicon, pricing the American-made polysilicon out of the market. The plant has operated for more than 20 years.
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