In a preview of what’s likely to become a common occurrence in the Obama energy strategy, a California manufacturer of solar systems that was financed by a half-a-billion loan through the Obama administration announced that it would seek bankruptcy protection last week.
Last month publicly-traded Evergreen Solar filed for bankruptcy protection as the solar market continues to shake out on declining government handouts and fierce competition.
More trouble is expected in the solar industry in the weeks to come. Some of it will come from Congress.