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On August 31, 2011, Solyndra announced it was filing for Chapter 11 bankruptcy protection, laying off 1,100 employees, and shutting down all operations and manufacturing. [22] In September 2011 the company ceased all business activity, filed for bankruptcy under Chapter 11, Title 11 of the United States Bankruptcy Code, and laid off all employees.
Today, Intel threatens to become this administration's Solyndra (the solar company, which went bankrupt after getting more than $500m in government funding). This would be disastrous, both for the ...
The first company to receive a federal loan guarantee under a stimulus program for green energy projects, Solyndra, just declared bankruptcy -- the guarantee was for $535 million, according to ...
Solyndra was the first recipient of such a guarantee under the American Recovery and Reinvestment Act of 2009, and the company went bankrupt. [139] In January 2012, The Wall Street Journal said AFP's Solyndra campaign was "perhaps the biggest attack on Mr. Obama so far in the 2012 election campaign."
The company has revealed that the foundation invested $340 million in the venture in July 2009, and subsequently gave preferential consideration to a plant site proposed for an economically depressed area of North Tulsa. The plant was never built and Solyndra filed for bankruptcy in Fremont, California, on September 6, 2011. [13]
Megan McArdle is a senior editor for The Atlantic, where she writes about business and economics. Megan was interviewed by The Motley Fool's Tim Hanson at our 2011 Investing Conference, held in ...
The company Solyndra ceased all business activity and filed for Chapter 11 bankruptcy in 2011, and Nanosolar, also a CIGS manufacturer, closed its doors in 2013. Although both companies produced CIGS solar cells, it has been pointed out, that the failure was not due to the technology but rather because of the companies themselves, using a ...
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