Subsidized and Expensive Solar Energy Bites the Dust Again
Crony capitalist green alternative energy
By Dr. Ileana Johnson Paugh —— Bio and Archives--April 7, 2012
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Solar Trust of America, filed Chapter 11 bankruptcy in Delaware courts--the ninth solar energy company to bite the dust--adding to the previous list of Beacon Power, Ener1, Evergreen Solar, Fisker, Solyndra, Sunpower, and Spectrawatt.
Solar Trust of America, which listed assets between $1 to $10 million and liabilities between $10 and $50 million, was unable to meet the Department of Energy loan guarantee deadline. The $2.1 billion loan guarantee was “the largest amount ever offered to a solar project.” (The Washington Examiner)Welcome to CFP’s Comment Section!
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