The Indianapolis Business Journal reports that, "A Colorado-based solar panel manufacturer will get federal help to take over the empty Getrag plant." The federal government has loaned Abound Solar $400 million. The government hopes to encourage alternate energy sources. 

According the Business Journal, "The plant, where transmissions were to be built, has stood empty since 2008. Getrag Manufacturing LLC filed for bankruptcyand halted work on the plant after the company's partnership with Chrysler LLC collapsed. The facility has never beenused."

Abound Solar has plans to invest $500 million in the plant themselves. The IBJ quotes Abound executive Steve Abely, "'We are excited about the opportunity to make America aglobal driver of renewable, affordable and abundantsolar energy.'"

If you or your company faces bankruptcy, contact the Arizona bankruptcy lawyers at the Harmon Law Office, LLC, by dialing 877-829-0494.