A small solar power company hopes to become a winner in a market littered with losers.
San Jose, Calif.-based SoloPower is opening a $60 million manufacturing facility in Portland, Ore., Thursday as it works toward receiving a major government loan — like the one given to now-bankrupt Solyndra. SoloPower thinks it has a strategy to succeed where Solyndra failed.
KUNC’s Erin O’Toole spoke with Boulder County Business Report Publisher Chris Wood about the failure of Abound Solar and the pending auction.
Equipment from bankrupt Loveland based Abound Solar is set to be auctioned off September 18th. Once a rising star in the solar industry, the company built solar energy panels and was backed by $70 million of Department of Energy loans.