ramone
04-03-2012, 06:20 PM
Just one more, how many to follow?
In keeping with the recent trend of so-called green companies going into the red, another solar energy company supported by President Obama's top administration officials declared bankruptcy today.
Solar Trust for America received $2.1 billion in conditional loan guarantees from the Department of Energy -- "the largest amount ever offered to a solar project," according to Energy Secretary Steven Chu -- for a project near Blythe, Calif., but declared bankruptcy within a year. It is unclear how much of the guarantee, if any, was actually awarded.
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/solar-company-bankrupt-despite-win-win-doe-loan/459621
In keeping with the recent trend of so-called green companies going into the red, another solar energy company supported by President Obama's top administration officials declared bankruptcy today.
Solar Trust for America received $2.1 billion in conditional loan guarantees from the Department of Energy -- "the largest amount ever offered to a solar project," according to Energy Secretary Steven Chu -- for a project near Blythe, Calif., but declared bankruptcy within a year. It is unclear how much of the guarantee, if any, was actually awarded.
http://campaign2012.washingtonexaminer.com/blogs/beltway-confidential/solar-company-bankrupt-despite-win-win-doe-loan/459621