Rumor has it that President Barack Obama – who’ll be in the Bay Area next week for a pair of Tuesday-night fundraisers benefiting U.S. Sen. Barbara Boxer‘s re-election campaign and the Democratic Senatorial Campaign Committee – will be in the East Bay on Wednesday.
I hear he’ll visit Solyndra Inc. of Fremont, which is using a $535 million federal loan guarantee it received through last year’s economic-stimulus legislation to build a solar-panel manufacturing plant. Solyndra makes thin-film, tube-shaped solar modules that maximize energy output while minimizing installation costs. The new plant, just down Kato Road from the existing one and twice as large, is projected to create 3,000 temporary construction jobs and an estimated 1,000 long-term production jobs.
It would seem Fremont is being positioned as a green-tech capital, what with Solyndra’s boom as well as yesterday’s news that Tesla Motors and Toyota are partnering to build all-electric cars at the recently shuttered New United Motor Manufacturing Inc. (NUMMI) plant in Fremont, creating more than 1,000 new jobs.
I’ve got some calls out on this, and will update as more information arrives.
UPDATE @ 2:10 P.M.: All true. See the full story here.