Bankrupt solar-company Solyndra will junk even more of its assets, instead of selling them, according to court documents.
Solyndra, which received a $535 million department of energy loan under President Obama’s "green energy initiative," announced it was declaring bankruptcy on Aug. 31, 2011. Since then, it has been liquidating its assets.
From The Washington Times:
Attorneys for the company filed papers in U.S. Bankruptcy Court in Delaware last week asking for a court order to dispose of up to 3,900 pallets filled with glass tubes that were used to make Solyndra’s solar panels. The lawyers said the company tried to auction the tubes, return them to a supplier and sell the material to recycling companies.
But it was too expensive to ship back to the supplier and nobody seemed interested in buying the glass, the attorneys said in court papers.
Unable to sell the assets, Solyndra said it would be cheaper just to abandon the glass to a recycler who would dispose of it for free. The company had already had permission to abandon 3,100 pallets based on a similar motion filed in the bankruptcy case.