Another taxpayer-backed solar company goes bankrupt. The shock factor has long worn off. Now it’s just expected — you know, it’s become part of the routine.
This time it’s Solar Trust for America, which harvested $2.1 billion — “the largest amount ever offered to a solar project,” according to Steven Chu — in loan guarantees from the federal government’s green investment bank (also known as, the Department of Energy).
And as the pattern goes, the company went bankrupt.
And people thought Solyndra’s demise was just a fluke. So far, the Washington Examiner is the only media outlet who has reported on this. Funny how that works.