SoloPower building South Korean factory

SoloPower building South Korean factory

Portland-based SoloPower Systems announced a deal to build a factory in South Korea.

The thin-film solar panel maker -- known just as SoloPower before restructuring this summer -- said it would launch a joint venture with Seoul-based CTI Co., Ltd.

The news arrives as SoloPower executives hunt for upwards of $50 million to keep operating in Portland. The state is relying on the company's survival to pay off an estimated $30 million in loans and subsidies.

Read more at OregonLive.com.