Solar firm Solyndra files for bankruptcy, sale may outsource production (after US backed $535 million in loans)

[Emily]

http://newsandinsight.thomsonreuters.com/Bankruptcy/News/2011/09_-_September/Solar_firm_Solyndra_files_for_bankruptcy/

Solar firm Solyndra files for bankruptcy

9/6/2011 COMMENTS (0)

WILMINGTON, Del., Sept 6 (Reuters) - Solyndra LLC, a solar panel maker that received $535 million in federal loan guarantees, filed for bankruptcy, the third U.S. solar firm to succumb to pressure from Chinese rivals in recent weeks....

http://newsandinsight.thomsonreuters.com/Bankruptcy/News/2011/09_-_September/Solyndra_CFO_won_t_say_if_solar_maker_to_stay_in_U_S_/

Solyndra CFO won't say if solar maker to stay in U.S.

9/7/2011 COMMENTS (0)

WILMINGTON, Del., Sept 7 (Reuters) - The chief financial officer of bankrupt start-up Solyndra, which had ramped up its operations after getting a federal government loan for solar companies, declined to say on Wednesday if potential buyers would keep its business in the United States.

[snip]

Matthew Troy, an attorney for the Department of Justice, said the government's $535 million loan required the business be operated in the United States.

The U.S. solar industry has been hit by plummeting prices for panels as European governments cut subsidies, hitting global demand, at the same time that Beijing-backed Chinese manufacturers stepped up production....