SpectaWatt, Intel’s Solar Spin-Off, Delays Products, Suspends Plant Construction

SpectraWatt seemed to have it all: $50 million in the bank and help from chip giant Intel.

Now, the future is a little murkier.

The Oregonian reports that the company won’t meet its goal of shipping products by the middle of 2009. Instead, the first products may come out five to six months later.

Additionally, the firm has suspended construction of its larger, more commercial-scale production facility. The problem? Credit. As a result, the Hillboro, Ore.-based company (which currently sits on land provided from Intel) is shopping itself around to different states looking for incentives.

CEO Andrew Wilson wouldn’t confirm where SpectaWatt is looking, but he did confirm the delays, that SpecraWatt has suspended construction plans, and that it is looking inside and outside of Oregon for a building to retrofit for a factory.

“The capacity of our factory, wherever it is, will still be the same,” at 60 megawatts, Wilson told the Oregonian. Asked whether SpectraWatt was considering New York, as Strader said, or Pennsylvania, as rumored, Wilson said: “Both have some nice incentives for this type of facility, and there are certainly others also.”

The governor’s office, which has been trying to recruit green companies, was a bit surprised. “Have them call us,” a representative told the Oregonian’s reporter.