Abound Solar Files For Ch. 7 Despite Federal Loan Guarantee

Law360, Wilmington (July 2, 2012, 3:47 PM EDT) -- Panel manufacturer Abound Solar Inc. has become the latest solar company to seek bankruptcy protection in Delaware, as the Colorado-based firm filed for Chapter 7 Monday after finding itself unable to compete with Chinese imports despite a $400 million federal loan guarantee.

Abound joins fellow panel makers Solyndra LLC and Evergreen Solar Inc. in the Delaware bankruptcy court, those firms having sought Chapter 11 protection in September and August, respectively. Plant developer Solar Trust of America LLC filed for Chapter 11 this April, and its German...
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