SoloPower misses another loan payment

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Tuesday, June 10, 2014

Portland's SoloPower Systems missed another monthly payment on a $10 million public loan.

A state Energy Department spokesperson confirmed Monday the agency had not received $119,000, as required, for June.

State officials in charge of the loan have said they are hopeful SoloPower will soon bring the loan current.

Energy Department spokeswoman Diana Enright said SoloPower is "close" to wrapping up fundraising talks and expects to complete agreements yet this month.

Read more at OregonLive.com

 

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