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Solar Company That Got $58M Leaving Massachusetts

A solar panel manufacturer that benefited from $58 million in state aid to open a factory at a former Massachusetts military base is closing the plant and laying off 800 workers.  Evergreen Solar Inc. announced Tuesday it is shutting down the Devens plant by the end of the 2011 first quarter.  Evergreen CEO Michael El-Hillow said dropping prices and competition from heavily subsidized solar manufacturers in China made the plant "no longer economically feasible." The company will continue to run facilities in China and Midland, Mich.  Evergreen reported losses of $265 million in 2009, and $54 million through the first nine months of 2010.

1/12 AP