Several prominent U.S. solar manufacturers — such as Solyndra and others singled out by the Obama Administration as examples of preferred “green energy” production projects — have filed for reorganization under protection of the bankruptcy laws in recent weeks. These filings have prompted questions about the ability of U.S. producers to compete with Chinese enterprises backed by national funding, particularly as U.S. financial stimulus incentives are coming to an end. Today’s Bloomberg financial news reports the Administration’s continuing commitment to this sector as part of its jobs initiative. (http://www.bloomberg.com/news/2011-09-01/obama-stands-by-renewable-energy-aid-after-solyndra-s-failure.html). Pepper attorneys have been active in all phases of U.S. renewable energy projects, including the current reorganization proceedings.
Although these are difficult times for U.S. solar manufacturers, the decreasing cost of panels is welcome news to solar developers and purchasers of solar systems. These cost reductions are having a positive, material economic impact on developing utility-scale solar projects.
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[...] a follow up to a previous blog post, read more here about the Department of Energy’s efforts to ok loan guarantees for renewable [...]
Pingback by A Guarantee for Renewable Energy? « Sustainability-Counsel.com September 15, 2011 @ 8:58 AM[...] Receipt of federal funding, however, has not been enough to keep several prominent U.S.solar technology companies – including Solyndra, which received more than $500 million in federal loan guarantees – from filing for reorganization under protection of the bankruptcy laws in recent weeks. See http://sustainability-counsel.com/2011/09/02/high-profile-u-s-solar-manufacturing-bankruptcies-raise… [...]
Pingback by DOE Awards More Than $145 Million for Solar Power « Sustainability-Counsel.com September 9, 2011 @ 9:48 AM