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.
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.
