Solyndra bankruptcy
Once upon a time, not so long ago, Solyndra was a little known solar development firm. Based out of silicon valley, the company was working to manifest its budding technology.
On Thursday, lithium-battery developer Ener1, Inc. (NASDAQ: HEV) filed a voluntary petition in the U.S. Bankruptcy Court in the Southern District of New York for Chapter 11 bankruptcy protection.
Online search engine giant Google Inc. recently announced it is ending its renewable energy research program.
Energy Secretary Steven Chu took full responsibility for the $535 million loan guarantee to failed solar manufacturer Solyndra and the decisions relating to it in Capitol Hill testimony this week.
Global investment in clean energy jumped 16% to $45.4 billion in the third quarter of 2011 from Q3 2010 according to research released by Bloomberg New Energy Finance (BNEF).
SunEdison, a wholly owned subsidiary of MEMC Electronic Materials, Inc. (NYSE: WFR), has secured a $300 million credit facility.
Earlier this week BP (NYSE: BP) through its subsidiary BP Wind Energy, announced plans to build a 419 MW wind farm in Kansas.
The Solyndra bankruptcy sent shockwaves through the corridors of power in Washington, but what about the long-term implications of the company’s failure for clean energy in America?
