Energy Law
Sep. 3, 2011
Price drop forces solar company into bankruptcy
The dramatic drop in the price of solar panels this past year due to steep competition from China has driven a California solar company - and an Obama-administration darling - into bankruptcy.
Daily Journal Staff Writer
The dramatic drop in the price of solar panels this past year due to steep competition from China has driven a California solar company - a darling of the Obama administration - into bankruptcy.
Fremont-based Solyndra Inc. was awarded a $535 million loan guarantee from the Energy Department last year to build a new manufacturing plant, but it wasn't enough to keep the company afloat and it announ...
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