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October 18, 2012

And Again: Another $timulu$ $ub$idized $olar Company Declares Bankruptcy

Unexpectedly.

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. “This has been a difficult time for Satcon,” president and CEO Steve Rhoades said.

Bankruptcy attorneys technically hold green jobs, you know.


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posted by Ace at 02:01 PM

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