Obama’s Bets on Abound, SoloPower Cut Costs to Avoid Bankruptcy

Three solar-energy manufacturers that received backing from the Obama administration may survive an onslaught of cheap Chinese panels that helped force Solyndra LLC into bankruptcy.

Abound Solar Inc. and SoloPower Inc. won a total of $597 million in loan guarantees from the U.S. Energy Department to begin building their first commercial solar-panel plants this year, and 1366 Technologies Inc. received a $150 million guarantee for a polysilicon wafer factory.

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