Abound Solar announced it is temporarily shutting down production of its first generation thin film modules and laying off 180 employees from its Colorado facility.
The company said it plans to accelerate production of its new high-efficiency AB2 85 W module, with mass production expected in six to nine months. Once the manufacturing equipment has been updated and production begins, the company expects to rehire many of those positions, Abound said in a press release.
Abound received a $400 million U.S. Department of Energy loan guarantee to expand it’s 65 MW Colorado facility and build a new 640 MW Indiana facility. So far, it has received $70 million of those funds.
The company said it still has plans to build the Indiana facility once production of the next-generation modules begins, and expects to have an update on a build-out in mid-2013.
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