SoloPower Systems misses monthly loan payments

SoloPower Systems misses monthly loan payments

The North Portland solar power plant owes $238,000 for missing monthly payments.

For the fourth consecutive month, SoloPower missed a monthly deadline to pay back some of the $10 million it borrowed from Oregon to build the factory. The plant closed in 2013 after less than a year in operation.

The Oregon Department of Energy agreed last year to forgo loan payments for six months as the company raised money. The grace period ended in February, and the loan has been in arrears ever since.

Read more at OregonLive.com