Wow, once again a sweetheart of the DOE and the Obama Administration has failed to work any magic of a realistic financial type. Solar Trust of America, LLC has filed for bankruptcy protection in US court after its German parent did the same. And one would think that loan guarantees of $2.1 Billion from DOE would be enough to keep them afloat so they could build their dream - the world's largest solar plant in the Mojave near Blythe, Ca. Oops, wrong again. Way to go Steven Chu!
Reference: us-solartrust-bankruptcy
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