US loses, China gains.

By: hcubed , 12:43 PM GMT on March 14, 2012

BOSTON (AP) — Evergreen Solar is asking a bankruptcy judge for permission to walk away from its former plant in Devens.

The company, which received tens of millions in state aid before shuttering its facilities last year and moving its manufacturing operations to China, filed the notice in federal bankruptcy court in Delaware on Monday.

Interested parties including MassDevelopment, which helps finance and develop new projects, have until Friday to respond to the filing.

A spokeswoman for MassDevelopment declined comment Tuesday, saying the filing speaks for itself.

Evergreen received more than $20 million in grants and $11 million in tax and lease initiatives from Massachusetts. That doesn’t include other tax benefits and millions in upgrades to roads and utilities around the plant.

Gov. Deval Patrick championed Evergreen Solar early in his first term.

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Once again, the taxpayer is on the hook (this time, in Massachusetts) for millions paid to a "green" company.

Every time one of these gov't funded solar plants declares bankruptcy, they give the same reason: an inability to keep up with China's manufacturing process.

And they GAVE their operations to their largest competition.

Wow.


The views of the author are his/her own and do not necessarily represent the position of The Weather Company or its parent, IBM.

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About hcubed

Living in Biloxi MS, have been here since '85 (first Hurricane was Elena).

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