Solar-manufacturing hopeful SpectraWatt has filed for bankruptcy protection, blaming operational problems and difficult market conditions. It's the second U.S.-based solar company to file for bankruptcy this month.
SpectraWatt was spun out of chip giant Intel in 2008 with a plan to improve manufacturing of silicon solar cells. But after raising over $90 million in private investment and receiving state aid in New York, it filed on Monday for chapter 11 bankruptcy protection.
In court documents, it said that it has been trying to sell its assets, including an idled manufacturing facility in New York, but has not … Read more