According to the Boston Business Journal, Evergreen Solar just announced that its German joint venture with Q Cell, Sovello, may be forced to declare insolvency after a European commission’s decision to revoke a $16.2 million grant the company was given in 2008. The grant was given to Sovello as a “small and medium enterprise,” and the commission found that Sovello concealed the true extent of its relationship with Q Cell to qualify.

Sovello is … Read the rest