Another green energy company in the red


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.”

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Posted by at 06:47 | Posted in Green Energy, State Taxes | 1,774 Comments |Email This Post Email This Post |Print This Post Print This Post

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