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Keyword: solarsubsidy

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  • Major Solar Company Files for Bankruptcy after California Slashes Subsidies

    08/06/2024 1:37:59 PM PDT · by george76 · 45 replies
    Slay News ^ | August 6, 2024 | Frank Bergman
    A major solar company has just filed for bankruptcy as its business model is no longer viable in America’s current climate. SunPower announced that it filed for Chapter 11 bankruptcy on Monday. SunPower filed for bankruptcy in Delaware after a string of corporate struggles... changes to California’s rooftop solar subsidy programs and high interest rates in Democrat President Joe Biden’s economy have weighed down its business. Before it collapsed, SunPower was among America’s leading solar companies. SunPower will look to sell some of its assets to rival solar company Complete Solaria. Meanwhile, the company and some of its other subsidiaries...