Another Solar Energy Company Seeks Bankruptcy Protection

Link here to the Associated Press.

Another California solar energy company is seeking bankruptcy protection.

Solar Trust of America’s Chapter 11 filing on Monday listed assets between $1 million and $10 million, and liabilities between $10 million and $50 million.

The filing comes amid the ongoing controversy surrounding Solyndra, a solar firm that received a half-billion dollar federal loan and was touted by the Obama administration before declaring bankruptcy last year.

President Obama: "Solyndra is the wave of the future."