Wednesday, July 18, 2012

If you have a company, you didn't build it. Someone else did ...

... and if it was the federal government, it probably went broke. Yup, another federally-backed solar power company just called it quits.
The Amonix solar manufacturing plant in North Las Vegas, subsidized by federal tax credits and grants, has closed its 214,000-square-foot facility about a year after it opened. [Yup.]

Officials at Amonix headquarters in Seal Beach, Calif., have not responded to repeated calls for comment this week. The company began selling surplus equipment, from automated tooling systems to robotic welding cells, in an online auction Wednesday. [Did not answer the phone; so much for transparency.]

A designer and manufacturer of concentrated photovoltaic solar power systems, Amonix received $6 million in federal tax credits for the North Las Vegas plant and a $15.6 million grant from the U.S. Department of Energy in 2007 for research and development. [Tax credits and grants; not obstacles and EPA restrictions.]
I've lost count, but this probably the 4th major solar company to have filed for bankruptcy despite being backed by the deep pockets of the federal government.