$400M Colorado solar cell facility scrapped; financial viability cited two months after Blinken’s praise.

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Plans for a $400 million solar cell facility in Colorado have been scrapped just two months after Secretary of State Anthony Blinken highlighted the project as an example of world-leading foreign investment.

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The Intel semiconductor plant in Colorado Springs was slated to be converted into a solar cell facility by the Swiss solar panel manufacturer Meyer Burger.

However, on Monday, the company announced the plans would not go ahead, stating in a press release that the construction was “currently not financially viable and has been put on hold.”

www.msn.com/en-us/money/savingandinvesting/400m-solar-facility-touted-by-blinken-just-two-months-ago-is-scrapped/ar-AA1pAd3q

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