Money to Burn: Another DOE Loan Guarantee Goes Bankrupt

June 28, 2012

Abound Solar received a $400 million loan guarantee from the US DOE in December 2010.  It stopped manufacturing solar panels last February and has announced it will declare bankruptcy next week.  According to the DOE,

U.S. taxpayers may lose $40 million to $60 million on the loan.  Details here.

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