Apr 8, 2012

Another Billion Dollar Subsidized Solar Company Bites the Dust Again

Solar Trust of America, filed Chapter 11 bankruptcy in Delaware courts—the ninth solar energy company to bite the dust—adding to the previous list of BrightSource, Beacon Power, Ener1, Evergreen Solar, Fiskar, Solyndra, Sunpower, and Spectrawatt. Solar Trust of America, which listed assets between $1 to $10 million and liabilities between $10 and $50 million, was unable to meet the Department of Energy loan guarantee deadline. The $2.1 billion loan guarantee was “the largest amount ever offered to a solar project.”

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