31 Aug '11, 3pm

Huge black eye for the solar industry, and multiple VC firms Solyndra Shutting Down

Solyndra Suspends Operations to Evaluate Reorganization Options FREMONT, Calif., August 31, 2011 – Solyndra LLC, the American manufacturer of innovative cylindrical solar systems for commercial rooftops today announced that global economic and solar industry market conditions have forced the Company to suspend its manufacturing operations. Solyndra intends to file a petition for relief under Chapter 11 of the U.S. Bankruptcy Code while it evaluates options, including a sale of the business and licensing of its advanced CIGS technology and manufacturing expertise. As a result of the suspension of operations approximately 1,100 full-time and temporary employees are being laid off effective immediately. Despite strong growth in the first half of 2011 and traction in North America with a number of orders for very large commercial rooftops, Solyndra could not achieve full-scale...

Full article: http://www.greentechmedia.com/articles/read/solyndra

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Solyndra

greentechmedia.com 31 Aug '11, 2pm

Solyndra Suspends Operations to Evaluate Reorganization Options Solyndra, the American manufacturer of innovative cylindri...

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treehugger.com 31 Aug '11, 4pm

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solarindustrymag.com 31 Aug '11, 4pm

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