31 Aug '11, 6pm

Solyndra To File for Bankruptcy; 1,100 Lose Jobs

Solyndra To File for Bankruptcy; 1,100 Lose Jobs

The company had downsized its planned growth , starting in 2010 when the CIGS thin-film manufacturer pulled an IPO, restructured its executive team, and announced plans close one of its California plants and delay expansion of its newest facility. According to its website, Solyndra was in the process of ramping up to 300 MW at its California facility. In 2010, the company completed more than 1,000 installations across the world. The company may now look to sell its business and licensing of its advanced CIGS technology. The company has received much fanfare for its innovative rooftop technology and big ambitions. It was held up as an example of a company thriving behind American technology and American manufacturing during visits by then-Gov. Arnold Schwarzenegger, Energy Secretary Steven Chu and President Obama. According to a company press release, Solyndra saw strong gr...

Full article: http://www.renewableenergyworld.com/rea/news/article/2011...

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#Solar power innovator Solyndra files for bankr...

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Solar power tech innovator Solyndra has announced it will be filing for bankruptcy. 1,100 full time and temporary employee...

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Solyndra's Exit: China Not To Blame

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Green Labor Day Jobs News via @greentechmedia

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