Amonix closes down factory, a sign of tough times in solar energy and particularly for more complex concentrating photovoltaic technology.
Amonix, which makes utility-scale concentrating photovoltaic systems, plans to close down its 214,000-square-foot facility in North Las Vegas by August, the company said in a statement issued today.
The restructuring was due to “intense competition, the challenging solar energy equipment pricing environment and lower than anticipated demand for CPV (concentrated photovoltaic) solar energy in Nevada and other states in the U.S. southwest,” it said.
The company was offered $5.9 million in federal tax credits to build the plant. But because it hasn’t earned any taxable income, it won’t be able to take advantage of that government incentive, it said.