Posting $70 Million Loss, French Company Lands $25 Million from Obama's DOE
- Post 09 July 2012
- By Lachlan Markay | Scribe
The Department of Energy recently awarded $25 million to a French company that posted net losses of about $70 million last year, and whose solar division is particularly troubled financially.
As part of its Scaling Up Nascent PV At Home (SUNPATH) project, DOE's Energy Efficiency and Renewable Energy (EERE) division announced three awards in June to promote high-volume solar energy production. The largest of the three awards, totaling $25 million, went to Soitec Solar, a French company, to build... continues...
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