Tuesday, March 13, 2012
The developer selected by the Oregon University System to build the state's largest solar project filed for bankruptcy at the end of last year.
Utah-based Renewable Energy Development Corp., known as REDCO, filed Chapter 7 bankruptcy protection on Dec. 30, 2011 leaving the ambitious solar project, which aims to install large solar arrays at each of the state's public universities, without a developer.
Bob Simonton, OUS assistant vice chancellor for capital programs, said the program, announced with great fanfare last August, would move forward, just with a new developer.
Read more at Sustainable Business Oregon.