Michele Kearney's Nuclear Wire

GERMAN SOLAR SUBSIDY SLASH PROMPTS NEW SPATE OF SOLAR BANKRUPTCIES
Plunging prices for solar panels, overcapacity, and a recent, substantial slash of government subsidies for solar power in Germany have prompted a rash of major solar firms to declare bankruptcy. Solar Millennium AG’s U.S. subsidiaries—including Solar Trust of America—filed for Chapter 11 insolvency proceedings in a concerted action on Monday, while giant solar cell–maker Q-Cells filed for insolvency in a German court. Read More »