Tuesday, February 14, 2012

Another Obama-Funded Solar Company Goes Belly Up – Given $13.3 Million in Tax Credits

Last Year Energy Conversion Devices moved 140 jobs from Michigan to Mexico to save money. - Gateway Pundit

This week the Obama-funded solar company went belly up.
Energy Conversion Devices managed to blow $13.3 million in tax credits before filing for bankruptcy.

Lightweight solar product maker Energy Conversion Devices Inc filed for bankruptcy protection on Tuesday, the latest in a string of solar companies that have collapsed in an industry shakeout. - Reuters