According to local media reports, GAF Energy, an American photovoltaic company, has recently submitted documents under the Notice of Employee Adjustment and Retraining Act. The company plans to close its headquarters and R & D and manufacturing base in San Jose, California, and relocate to Georgetown, Texas, on December 13 this year.
The closure will result in 138 employees losing their jobs , including technicians, engineers and managers.
As for the reason for the relocation, the media reported that Texas had better market opportunities .
According to the San Francisco Chronicle, GAF Energy's move comes at a time when federal and state governments are tightening incentives for solar companies. Installers' and manufacturers' margins have been squeezed as the US government has scaled back key tax credits and California has reduced some of its domestic subsidies . Texas,
by contrast, has become one of the most active real estate markets in the US and a growing attraction for energy and technology companies, partly because it is less regulated than other States. A spokesman
for GAF Energy said the company was adapting to the changing market.
"Given the ongoing changes in the solar industry, we are adjusting our business and team structure to focus on the core markets where solar is most attractive to builders and homeowners," the spokesman said. "This decision has been carefully considered. We thank our San Jose employees for their contributions to the company and are committed to assisting affected employees during this transition.
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