Beam me to Planet Gore !
Posted on 08/15/2011 12:09:58 PM PDT by massmike
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.
Evergreen secured a $58 million financial aid package from the Patrick administration to help build the $450 million Devens factory. The state has been trying to recoup about $4 million in cash from the company, the once-promising poster child of the governor’s clean-energy economic agenda.
(Excerpt) Read more at bostonherald.com ...
too big to fail.
give them another $$ trillion ?
/s
The Chinese need the jobs! You won’t EVER see the GREEN again.
Now please can I get a $150,000/yr job as an economist?
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