Solar company to file for bankruptcy despite $535 million loan guarantee


Solar company to file for bankruptcy despite $535 million loan guarantee – The Hill’s E2-Wire.

“Regulatory and policy uncertainties in recent months created significant near-term excess supply and price erosion,” Solyndra CEO Brian Harrison said in a statement. “Raising incremental capital in this environment was not possible. This was an unexpected outcome and is most unfortunate.”

Not profitable in the real world.

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