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.”