Heaney talks SolarCity on Capitol Pressroom

The state’s investment of $750 million to build and equip a solar panel manufacturing plant for SolarCity is a high-risk, high-reward proposition, Investigative Post Editor Jim Heaney told Susan Arbetter of The Capitol Pressroom on Thursday.

Heaney noted the company’s sagging financial fortunes and continuing concerns in the investment community over SolarCity’s long-term prospects. He noted a recent story in an investment trade journal that concluded the plant is shaping up as a “white elephant.” Heaney also pointed out that SolarCity is on track to post record losses this year; the company finished the first half of this year $303 million in the red.

capital-press-roomThe 14-minute interview represents Heaney’s first appearance on The Capitol Pressroom as a regular contributor.

He will appear every other Thursday as part of a partnership between Investigative Post and The Capitol Pressroom, which reaches a daily audience of 100,000 through 20 pubic radio stations located across upstate, including WBFO, 88.7 FM, in Buffalo. The program broadcasts in Buffalo daily at 8 p.m.

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