Obama-Backed Solar Company Goes On The Auction Block


A judge approved September auctions for a government-backed solar panel company that could put up to $224 million in its coffers.

Judge Stuart Bernstein signed off Thursday on auction rules for two parcels of projects SunEdison was producing amid a slew of financial and legal problems. Those problems landed the company in bankruptcy.

The Obama-backed company benefited from an infusion of $4.6 million in subsidies from the Department of Energy and Department of the Treasury.

Via the Daily Caller