Less than 100 employees will remain at OptiSolar after 142 at the Hayward headquarters and 58 employers at a second facility outside Sacramento are laid off, according to the San Francisco Chronicle.
If a buyer is found, however, the solar company may resume production of its thin-film solar panels.
Alan Bernheimer, OptiSolar's Vice President of Communications, was quoted as saying: “If we can find a buyer, it's certainly ready to start. But it's going to take a buyer with resources, cash flow, the ability to invest in research and development.”
Earlier this year, First Solar acquired OptiSolar’s solar project pipeline in a deal worth around UD$400 million. This appears, however, not to be enough to keep OptiSolar going.