28 Jun '12, 6pm

Abound Solar To File for Bankruptcy, Another Solyndra?: Abound Solar Inc., a U.S. solar manufacturer that was a...

Abound Solar To File for Bankruptcy, Another Solyndra?: Abound Solar Inc., a U.S. solar manufacturer that was a...

Abound , based in Loveland, Colorado, borrowed about $70 million against the guarantee, the Energy Department said today in a statement. Calls to Abound executives weren’t returned today. The failure would follow that of Solyndra LLC , which shut down in August after receiving a $535 million loan guarantee from the same Energy Department program. Abound stopped production in February to focus on reducing costs after a global oversupply and increasing competition from China drove down the price of solar panels by half last year. “When the floor fell out on the price of solar panels, Abound ’s product was no longer cost competitive,” Damien LaVera, an Energy Department spokesman, said in a statement on the agency’s website. [Editor's note: View LaVera's complete article — with excellent solar market analysis — here .] U.S. taxpayers may lose as much as $30 million on the loa...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

Tweets

Breaking News: Abound Solar to Soon Close its Doors: Greentech Media has learned from reliable sources within

Breaking News: Abound Solar to Soon Close its D...

greentechmedia.com 28 Jun '12, 2pm

Greentech Media has learned from reliable sources within the company that Abound Solar will be shutting its doors as soon ...

Solar Manufacturing: To Compete or Not To Compete

renewableenergyworld.com 28 Jun '12, 6pm

The question is no longer whether America will be a major customer for the solar industry – we will. The real question is ...

Solar Manufacturing: To Compete or Not To Compete

renewableenergyworld.com 28 Jun '12, 7pm

The question is no longer whether America will be a major customer for the solar industry – we will. The real question is ...

Loan recipient Abound Solar to close: Loveland, Colo. (UPI) Jun 29, 2012 Solar panel manufacturer Abound Solar...

Loan recipient Abound Solar to close: Loveland,...

solardaily.com 30 Jun '12, 12am

Solar panel manufacturer Abound Solar, recipient of a U.S. Department of Energy loan, will suspend operations and file for...

Two Closures Illustrate the Need to Chart a New Course for Solar: Thursday's back-to-back closure announcements...

Two Closures Illustrate the Need to Chart a New...

renewableenergyworld.com 29 Jun '12, 5pm

The day’s news left a trail of unemployment and unmet expectations. And the negative headlines generated by Abound Solar a...

Solar Energy Industries Association® Responds t...

altenergymag.com 29 Jun '12, 6pm

WASHINGTON, D.C. - Solar Energy Industries Association® (SEIA®) President and CEO Rhone Resch released the following state...

Solar Thermal Scales New Heights in China

Solar Thermal Scales New Heights in China

renewableenergyworld.com 27 Jun '12, 2pm

Dezhou, one hour by car south of Beijing, has become one of China’s solar towns due to the presence of Himin Solar, one of...

Schott Solar To Halt Crystalline PV Production in Germany: Schott Solar plans to halt its crystalline silicon s...

Schott Solar To Halt Crystalline PV Production ...

renewableenergyworld.com 28 Jun '12, 9pm

Further details about the plan will unfold after the company formally announces the closure. The paper however said that 8...

Boost of Solar Power Projects Emerge in China's Xinjiang Region: The government of Bole city, Bortala Mongol Au...

Boost of Solar Power Projects Emerge in China's...

renewableenergyworld.com 28 Jun '12, 5pm

Wang Xinchun, a director at the Investment Invitation Bureau of Bortala Mongol Autonomous Prefecture, said it is Bortala’s...

American Solar Energy Society comments on Abound Solar bankruptcy

American Solar Energy Society comments on Aboun...

renewableenergyworld.com 04 Jul '12, 7am

“While solar installations in North America doubled and redoubled during Abound’s launch period, the plunge in solar modul...

K Road's proposal to modify Calico #Solar proje...

renewableenergyworld.com 29 Jun '12, 5pm

The petition to amend the project is asking for approval to use only solar panels for the project instead of a mix of sola...

Solar for All? Not in My Lifetime: The U.S. solar industry is down and out. What will it take to bring it back?

Solar for All? Not in My Lifetime: The U.S. sol...

spectrum.ieee.org 27 Jun '12, 7pm

On a sunny afternoon in California, I drive past the shuttered factories of Solyndra Corp., the bankrupt maker of solar pa...

NJ State Assembly Passes Solar Energy Bill

NJ State Assembly Passes Solar Energy Bill

getsolar.com 28 Jun '12, 9pm

NJ State Assembly Passes Solar Energy Bill Thursday, June 28th 2012 3:46 PM By GetSolar Staff. The New Jersey State Assemb...

Solar energy news - Salazar approves 350MW sola...

newenergyworldnetwork.com 01 Jul '12, 12am

Salazar approves 350MW solar project on US tribal lands 22 Jun 2012 US Secretary of the Interior Ken Salazar has approved ...