Another green energy company in the red

solar-power.serendipityThumb

by NW Spotlight

The Oregonian reported this week that Portland’s troubled SoloPower is defaulting on a $10 million state loan.

SoloPower joins other troubled green energy companies in Oregon like SolarWorld in Hillsboro, with $41.9 million in tax credits, and Sanyo Solar in Salem, with $45 million in government subsidies.

The Oregonian noted that “SoloPower has also received a $20 million state tax credit, which it sold at a discount.”

Post to Twitter Post to Facebook Post to LinkedIn Post to Reddit

Posted by at 06:47 | Posted in Green Energy, State Taxes | 1,336 Comments |Email This Post Email This Post |Print This Post Print This Post

Stay Tuned...

Stay up to date with the latest political news and commentary from Oregon Catalyst through daily email updates:

Prefer another subscription option? Subscribe to our RSS Feed, become a fan on Facebook, or follow us on Twitter.

Twitter Facebook

No Thanks (close this box)