Business & Tech

Seagate Closes Deal on Solyndra Site

The former solar panel factory will serve as a research and development facility for Seagate.

Hard drive manufacturer Seagate Technology has closed on the sale of the Solyndra building, according to media reports.

According to the Silicon Valley Business Journal, the transaction was completed last Friday.

In November, a U.S. Bankruptcy Court judge approved the $90.3 million sale of the 412,000-square-foot former solar panel factory located at 47488 Kato Road.

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Solyndra made national headlines when the company in August 2011. The failed solar plant had received $535 million in government funding.

Solyndra’s meltdown left a gaping void in Fremont’s Warm Spring district, but Seagate’s closure of the deal could be a new chapter for the region.

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City officials envision the district — which spans 850 acres — as a large hub for innovative business and expects to add 30,000 jobs by 2040. Already known for its emerging technologies and manufacturing plants, the area is home to companies such as Tesla and Western Digital.

Though the Business Journal was not able to get any new comments from Seagate, the company said in November that the Solyndra site would replace their current media research and development facility, which is also located in Fremont.


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