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Submission + - 1/2 billion taxpayer $ gone as solar startup folds (cnn.com) 1

elrous0 writes: Solar panel maker Solyndra today said that it will file for Chapter 11 bankruptcy protection, after failing to successfully compete against lower-cost Chinese manufacturers. It is one of largest failures ever suffered by venture capitalists, and a major black eye for a U.S. Department of Energy that loaned the company more than $500 million.

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