Solar-power equipment manufacturer Stirling Energy Systems Inc. has filed for bankruptcy, adding to a wave of troubles in the solar industry amid soft demand, falling prices and difficulty raising money. Scottsdale, Ariz.-based Stirling Energy developed equipment for two solar-power plants designed to convert heat from the sun into electricity. Neither of the plants were able to obtain government loan guarantees, although both were sited on public land in California and obtained fast-track construction permits from the Obama administration. Earlier this month, California solar-panel maker Solyndra Inc. filed for bankruptcy after receiving more than $500 million in federal government assistance. The company is also the subject of numerous criminal and congressional investigations. In August, two U.S. solar companies--Evergreen Solar Inc. and start-up Spectrawatt Inc.--filed for bankruptcy protection, citing falling solar-panel prices and fierce competition from well-financed Chinese rivals...
more
No comments:
Post a Comment