Another Green Energy Firm Bites The Dust
From CBS News
It was number 17 on the White House’s 100 Recovery Projects That Are Changing America list. Now, Abound Solar is about to join the taxpayer-supported green energy firms that have filed for bankruptcy.
Abound Solar was approved for a $400 million dollar taxpayer loan guarantee under the same program as did now-bankrupt Solyndra. Abound received about $70 million of the total by last Sept., but failed to meet certain financial milestones and the Energy Department cut off the rest of the loan.