Hello,

We noticed you're browsing in private or incognito mode.

To continue reading this article, please exit incognito mode or log in.

Not an Insider? Subscribe now for unlimited access to online articles.

David Rotman

A View from David Rotman

Abound Solar: Another Solar Casualty

The thin-film photovoltaic maker has announced it is going out of business.

  • June 29, 2012

In a decision that will surprise few energy observers, Abound Solar, a Loveland, Colorado-based maker of thin-film cadmium telluride solar modules, has announced it will file for bankruptcy protection and suspend its operation. It’s the latest failure of an energy company that had received funding under the Department of Energy’s loan program

Although Abound had received a $400 million DOE loan guarantee for building solar-panel manufacturing in Colorado, the company says it has used only $70 million of the funding and has not used any DOE funds since August 2011. The company also had $300 million in private investments. Earlier this year, Abound has stopped manufacturing its solar modules and it says it had been unsuccessfully looking for a buyer over the last several months. 

More from Sustainable Energy

Can we sustainably provide food, water, and energy to a growing population during a climate crisis?

Want more award-winning journalism? Subscribe to Insider Basic.
  • Insider Basic {! insider.prices.basic !}*

    {! insider.display.menuOptionsLabel !}

    Six issues of our award winning print magazine, unlimited online access plus The Download with the top tech stories delivered daily to your inbox.

    See details+

    Print Magazine (6 bi-monthly issues)

    Unlimited online access including all articles, multimedia, and more

    The Download newsletter with top tech stories delivered daily to your inbox

/3
You've read of three free articles this month. for unlimited online access. You've read of three free articles this month. for unlimited online access. This is your last free article this month. for unlimited online access. You've read all your free articles this month. for unlimited online access. You've read of three free articles this month. for more, or for unlimited online access. for two more free articles, or for unlimited online access.