Skip to main content

Northern Minnesota solar panel maker struggles amid slow sales

Silicon Energy has missed its first two repayments on a $1.5 million government loan, the Star Tribune reports. The Mountain Iron plant says sales were half what they expected. The manufacturer is citing slower-than-expected sales and is seeking additional forbearance on the debt. The newspaper writes the plant has also cut its workforce.
  • Author:
  • Updated:
    Original:

Silicon Energy has missed its first two repayments on a $1.5 million government loan, the Star Tribune reports. The Mountain Iron plant says sales were half what they expected. The manufacturer is citing slower-than-expected sales and is seeking additional forbearance on the debt. The newspaper writes the plant has also cut its workforce.

Next Up

Minneapolis police

Death of man found inside Minneapolis apartment ruled homicide

Anyone with information about the killing is asked to call 1-800-222-8477.

minnesota state fair bandshell concert

Minnesota State Fair reveals its free concert lineup for 2022

More than 900 performances will happen across numerous stages.

Jason DeRusha

Jason DeRusha stepping down as morning news anchor at WCCO

His last day anchoring WCCO This Morning will be June 23.

Screen Shot 2022-05-23 at 9.58.36 PM

Eric Perkins, Miss Minnesota, Paul Fletcher create new podcast

The podcast is released Tuesdays at 8 a.m. and is available wherever you find podcasts.

Mock aircraft cabin.

MSP Airport debuts mock aircraft to help ease flying anxiety

The pre-flight experiences cover the TSA screening procedure, exploring a terminal, boarding a plane and meeting a pilot, and preparing for takeoff.

Scripps National Spelling Bee

These Minnesota kids will be competing at National Spelling Bee

The upcoming event in Maryland will be the first fully in-person Scripps National Spelling Bee since 2019.

covid, kids

New data shows how omicron has impacted kids in Minnesota

The new data shows breakthrough data during the omicron period, which began Dec. 19, 2021.

Javen Juan Moreno

Albert Lea shooting suspect arrested after 3 weeks on the run

He is accused of shooting a man in the upper thigh on May 1.

motorcycle

Motorcyclist, 59, killed after losing control on right curve

The Harley Davidson rider was thrown from his bike.

state capitol Minnesota

Minnesota's 2022 legislative session: What's happening?

A list of items agreed upon and yet to reach any bipartisan agreement in the latest legislative session.

water drain

Water main break floods 40-45 homes in St. Louis Park

The city says the rupture happened on Minnetonka Boulevard.

Eli Hart

Charges: 6-year-old Eli Hart shot up to 9 times by his mother

The 28-year-old is facing 2nd-degree murder charges.

Related

Minnesota makers of solar panels face tough competition in oversupplied market

An analyst says the start-ups will have "a very, very difficult time" competing with established companies amid the global glut of solar panels. Last month Silicon Energy of Mountain Iron joined TenKsolar of Bloomington in making the panels.

Northern Minnesota county struggles with dirty diaper dumping

The Bemidji Pioneer reports adult diapers, catheters, syringes and other hazardous waste have been turning up in road ditches in Beltrami County over the past few years. The county has to hire specialists to dispose of the garbage, and it's racking up quite the bill, prompting officials to release this statement: "Please stop this behavior and do the right thing -- take your poopy diapers to the dumpsite."

City trees struggling amid drought

City workers around Minnesota are routinely planting new trees, which need extra water. And those young boulevard trees have really had a hard time this summer as dry conditions persisted in the state, MPR reports. Officials are pleading for help from homeowners.

Ramsey County panel: No public vote on stadium sales tax

The Ramsey County Charter Commission voted late Tuesday to reject a countywide vote on a proposed half-cent sales tax that would help build a new home for the team. The move went against the wishes of many county residents, but leaders say it would have held up the project and raised its price tag.

Minnesota's tallest building for sale

The iconic IDS Center in downtown Minneapolis is about to hit the market, the Minneapolis St. Paul Business Journal reports. Inland American Real Estate Trust Inc. has put the 40-year-old 57-story tower for sale without an asking price.