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| Economy |
| Another DOE-Backed Solar Company Goes Bankrupt |
| 2012-10-19 |
 A solar company that got a multi-million-dollar grant from the Department of Energy earlier this year announced Wednesday that it will file for Chapter 11 bankruptcy protection, making it the second taxpayer-backed green energy company to file for bankruptcy this week. Satcon Technology Corp. announced the decision in a Wednesday news release. |
| Posted by:Fred |
| #4 Looks like more Solar company famous? failures to come ... To wit, * FREEREPUBLIC > WORKERS AT PLANT RECEIVED US$50.0MILYUHN STIMULUS, PLAY CARDS, BOARD GAMES [e.g. Monopoly]; PLANT HASN'T PRODUCED BATTERY. Michigan-based LG CHEM. * SAME > [GTM Research Report]POOR MARKET CONDITIONS WILL SEE 180 SOLAR MANUFACTURERS FAIL BY 2015. Of over 300 worldwide vendors in survey, 60% are expected to fail or declare bankruptcy come 2014; US, EURO, + CANADIAN COMPANIES MOST AFFECTED. |
| Posted by: JosephMendiola 2012-10-19 23:01 |
| #3 You knew it would. Yeah, this is becoming a dog-bites-man story. Do we know of any govt. green energy bets that have NOT gone titzup? |
| Posted by: SteveS 2012-10-19 19:50 |
| #2 Trainwreck pic is so appropriate. |
| Posted by: JohnQC 2012-10-19 11:48 |
| #1 You knew it would. |
| Posted by: JosephMendiola 2012-10-19 00:17 |