Domestic solar panel manufacturer will file for chapter 11


http://finance.fortune.cnn.com/2011/08/31/solyndra-fades-away/?iid=HP_LN&hpt=hp_t2

California-based Solyandra has announced that it can not compete with lower cost Chinese manufacturers. The company has some limited financial backing from the U.S. government.

The company markets a different type of panel made of parallel thin tubes rather that the flat panels manufactured elsewhere.

 

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