Obama-Backed Solar Company Goes On The Auction Block

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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

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