tattoos

Monday, August 15, 2011

Ageless and Evergreen

 With apologies to Barbra Streisand, maybe not so much.

 "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."

 H/T: Literalville

UPDATE: "Evergreen cited the much higher government support available in China."

No comments:

Post a Comment

 

blogger templates | Blogger