Wednesday, August 31, 2011

Solyndra, Solar Firm Aided by Federal Loans, Shuts Doors -

Matthew Wald
"The Energy Department, which approved the funding, said China’s subsidies to its solar industry were threatening the ability of Solyndra and other American manufacturers to compete. The price of a solar array, measured by cost per watt of capacity, has fallen 42 percent since December 2010, the agency said.

Two other American solar companies, Evergreen Solar and SpectraWatt, also sought bankruptcy protection in August, and both said competition from Chinese companies had contributed to their financial problems."

'via Blog this'

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