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|Articles - June 2013|
|Tuesday, May 28, 2013|
Page 5 of 6
Manufacturing: Navigating shifting markets and subsidies
By 2011 the Portland Metro Climate Prosperity Project proudly noted that Oregon had created the largest concentration of solar manufacturers in the country. Capital totaling $1.5 billion flowed into the sector, according to Business Oregon, encouraged by government incentives to grow clean-tech industries that became a focal point of economic policy at the White House and the statehouse alike.
The results in the Portland region are real. According to the Portland Development Commission, Multnomah County alone is home to more than 12,000 clean-tech jobs created mostly over the last decade. Yet the state’s success in recruiting manufacturers like SolarWorld and Solaicx to the Portland area and Sanyo Solar to Salem has also meant exposure to young industries with volatile pricing, voracious Chinese competition, and a susceptibility to shocks as subsidies for renewable power shift with the sentiments of elected officials.
Danish wind-turbine company Vestas’ margins dropped sharply in 2011, partly on uncertainty surrounding a key federal production tax credit set to expire this year. The company rewrote its business plan and shed more than a fifth of its global workforce last year, including an undisclosed number of positions at the company’s North American headquarters in Portland.
“Ultimately, we have to figure out what the sustainable long-term U.S. market looks like in terms of megawatts and size,” says Vestas Americas president Chris Brown. “The industry is still sorting that out.”
In the solar industry, system prices fell 27% last year on the heels of similar price drops in previous years. That’s pushed up demand but also triggered a global consolidation. SoloPower recently notified the state it plans to shut down its Portland operations in June. Sanyo Solar announced 52 Oregon layoffs in April, and shortly afterward Germany-based SolarWorld, which employs about 700 in Hillsboro, began restructuring its debt to address a $624 million 2012 net loss.
Other parts of clean tech appear poised for further manufacturing growth as Oregon continues to attract startups in electric vehicles and energy storage. Last year, EnerG2 opened a 74,000-square-foot manufacturing plant in Albany. It’s expected to employ upwards of 50 people producing a nanotech carbon material that allows greater energy storage for batteries and other applications. “I’m seeing Oregon as being fairly successful in attracting these types of new businesses and being a source of innovation,” says Chris Wheaton, EnerG2’s chief operating and financial officer.
Friday, May 22, 2015
BY LINDA BAKER | PHOTOS BY JASON E. KAPLAN
As the recession recedes and tourism grows, Central Oregon resorts redefine themselves for a new generation.
Thursday, June 18, 2015
Fireworks are a booming industry, even if the pyrotechnics have turned July 4th into a day fire marshals, and many residents, love to hate.
Wednesday, June 10, 2015
Jeff Lang and his wife Rae used to dole out campaign checks like candy. “We were like alcoholics,” Lang says. ”We couldn’t just give a little.”
Wednesday, May 27, 2015
PHOTOS BY JASON E. KAPLAN
Oregon Business celebrated the 100 Best Green Workplaces with an awards luncheon yesterday at the Nines Hotel in downtown Portland.
Monday, June 22, 2015
The Clean Fuels/gas tax trade off will go down in history as another disjointed, on-again off-again approach to city and state lawmaking.
Friday, May 15, 2015
BY KIM MOORE | RESEARCH EDITOR
The Portland Bureau of Transportation is seeking input from businesses on a $5.5 million initiative to create a network of biking, transit and pedestrian trails within Portland’s central city.
Wednesday, July 01, 2015
BY JACOB PALMER | DIGITAL NEWS EDITOR
There are more than 10 million former military members working in the United States.
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