Wednesday, August 17, 2011

Evergreen Solar got $58 million tax break, went Bankrupt, now will focus on China

    Evergreen Solar, which makes panels for solar power generation got $58 million in state subsidies and tax breaks. Evergreen solar later filed for Chapter 11 bankruptcy protection. The company had closed a plant in January laying off 300 employees. Evergreen Solar’s plan is to shed some debt, sell some assets and ramp up manufacturing capacity in China.

I thought the "Green Industry" was going to SAVE the American economy & jobs.

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