Another green energy company in the red

July 12, 2013 by  
Filed under Green Energy News

solar power.serendipityThumb Another green energy company in the redsolar power.serendipityThumb Another green energy company in the red

by NW Spotlight

The Oregonian reported this week that Portland’s troubled SoloPower is defaulting on a $10 million state loan.

SoloPower joins other troubled green energy companies in Oregon like SolarWorld in Hillsboro, with $41.9 million in tax credits, and Sanyo Solar in Salem, with $45 million in government subsidies.

The Oregonian noted that “SoloPower has also received a $20 million state tax credit, which it sold at a discount.”

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