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Another struggling solar energy firm is being compared to one of the Obama administration biggest green energy investment flops.
So low power is in line for nearly 200 million dollars.
In government loans and tax credits and now.
It's falling short of its goals laying off workers and top executives or get now.
Dan Springer is -- series live in Seattle is so low power.
Going down the same road as some of these other firms like Solyndra.
Well bill and -- live right now looks died.
Like it is I mean does look good for sole power and taxpayers an -- and all over the country should care because their money is certainly at risk.
We talk about this company before it was just six months ago that we attended a ribbon cutting ceremony in Portland -- again.
As sole power began producing thin film solar panels the company was riding high with 58 million dollars in loans and tax breaks from the city and state.
Million dollar federal loan guarantee from the exact same Department of Energy program.
That blew more than a half billion dollars on so -- when it went bankrupt.
Well today -- -- power looks to be in crisis.
The first production line never got finished they've laid off some workers -- tells how many.
The CEO and other executives are gone and critics while they're not surprised.
What we've seen in Oregon what we're seeing in California and what we're seeing Washington DC is eventually the money runs out and these programs with.
And competition from China and -- panel prices -- Lorie taking down many US solar companies built so if they're in trouble what -- the state aboard and still give them more taxpayer dollars and it's a great question just weeks before the first pink slips when all the state gave -- Pollard get this a twenty million dollar tax credit.
Which the company sold to another company for cash.
Officials say sole power met the requirement that it employs forty workers with the promise of someday having four times that many city of Portland could also be out.
Five million dollars of -- its sole power goes bankrupt but the former mayor who's a big fan is still optimistic.
They survive by down scaling and being responsible with the resources that they have by reducing costs and been able to.
And weed out hopefully.
Until congress passes new energy tax credits.
Sold more government money.
-- par which also fired its PR firm refused to comment for the story -- Dan thanks down and I know you will against foreigners live there in Seattle back.
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