Article

2012-10-19 Economy

Another DOE-Backed Solar Company Goes Bankrupt

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Posted by Fred 2012-10-19 00:00|| || Front Page|| [2 views ] Top

#1 You knew it would.

Posted by JosephMendiola 2012-10-19 00:17|| 2012-10-19 00:17|| Front Page Top

#2 Trainwreck pic is so appropriate.

Posted by JohnQC 2012-10-19 11:48|| 2012-10-19 11:48|| Front Page Top

#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|| 2012-10-19 19:50|| Front Page Top

#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|| 2012-10-19 23:01|| Front Page Top

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