Tuesday, April 3, 2012

Solar company bankrupt despite 'win-win' DOE loan

Solar company bankrupt despite 'win-win' DOE loan | Campaign 2012 | Washington Examiner:
"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."
The entire article can be read at the Washington Examiner

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