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Thread: Evergreen Solar files for bankruptcy, plans asset sale

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    Evergreen Solar files for bankruptcy, plans asset sale

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    by Herald Staff | Monday, August 15, 2011
    Evergreen Solar Inc., the Marlboro clean-energy company that received millions in state subsidies to build an ill-fated Bay State factory, has filed for bankruptcy.

    Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The company announced today it is seeking a reorganization in U.S. Bankruptcy Court in Delaware and also reached a deal with certain note holders to restructure its debt and sell off certain assets.
    What about all these 'green' jobs?

    Evergreen Solar Files for Bankruptcy Owing $485.6 Million - Bloomberg

    Stock Market Research - Zacks Investment Research
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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    It's not a shock, it was a scam product propped up by tax payer money with no real product to bring to market.
    Climate, changes. It takes a particularly uneducated population to buy into the idea that it's their fault climate is changing and further political solutions can fix it.



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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    It's very, very expensive to replace conventional energy sources with solar, wind, etc.
    This news should come as no surprise, especially after an economic down turn.
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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    Quote Originally Posted by MrVicchio View Post
    It's not a shock, it was a scam product propped up by tax payer money with no real product to bring to market.
    ... Solar energy is a scam? LMAO.
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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    Quote Originally Posted by Hatuey View Post
    ... Solar energy is a scam? LMAO.
    Let's see you make a go of it.
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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    The company, based in Marlboro, Massachusetts, blamed the bankruptcy on increased competition from government-subsidized solar-panel makers in China and the failure of the U.S. to adopt clean-energy policies.

    I always get a kick out of the statements made and the message not quite said. They are right that you can not compete with subsidized Chinese made products, especially when the U.S. government assists in that. We knew that going in but still threw the money away. I've stated my simply solution many times.

    Seems to me that the second statement is a complaint that like with lightbulbs, the government has failed to force people to buy solar energy.

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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    Good riddance. If you read the article, Evergreen failed because they couldn't handle the competition and the overall price drop for solar panels.They can whine about the Chinese and lack of subsidies all they like, but the truth is that their business simply couldn't cut it. Cheap solar panels are good for the customer and good for expanding the market.

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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    seems to support the fact that our transition from imported energy is going to take more public and private support.

    while alternatives are being developed, i would pick nuclear as the most ready to build technology. i'm interested in thorium technology; seems to show some potential promise.

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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    They didn't go out of business because no one has interest in green energy or employment in the green sector, but because their product was placed on the market at inflated prices. They weren't competitive.

    Nice try at propaganda though.

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    Re: Evergreen Solar files for bankruptcy, plans asset sale

    It's funny how conservatives can be so blindly partisan that they actually root against clean, renewable energy. Liberals support it, therefore they're against it.

    Cell phone companies and internet providers have gone bankrupt. Clearly that internet thing isn't going to catch on!
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