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United States solar industry "bankruptcy boom"

Shenzhen Shine Solar Co.,Ltd | Updated: Sep 01, 2015

The "double reverse" investigation, directly from the United States three PV continuous failures. On September 1, 2011, the high hopes have been Silicon Valley solar Nova announced Solyndra filed for bankruptcy protection, 1100 employees were dismissed. Prior to this, two solar-panel makers EvergreenSolar and SpectraWatt on August 15 and 19th respectively have filed for bankruptcy protection.

According to the United States media reported Solyndra got racked up more than $ 1 billion of venture capital before the company went bankrupt in 2009, also got United States DOE to provide up to 527 million dollars in loan guarantees. The New York Times, the Wall Street Journal and other media dubbed it the "sweetheart of policymakers," "darling of the venture", "United States funds one of the most rich in emerging companies in history," and many other titles.

Three failures in a row within a month to alert the United States political and business circles. United States House Committee on energy and Commerce Chairman Henry said publicly that "the United States is facing the danger of losing the leadership in clean energy." Three companies in the bankruptcy Declaration, will collapse due to falling global demand and too much competition, especially competition from their Chinese counterparts.

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