Solar company’s bankruptcy derails Indiana plans

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TIPTON, Ind. (AP) — Local officials hope to find new potential tenants for a sprawling, unfinished factory in central Indiana since the solar panel maker that planned to take it over is halting operations.

Abound Solar was to build solar panels at the factory near Tipton and eventually employ 800 to 1,000 people as part of a $400 million federal loan guarantee announced by President Barack Obama in 2010 for company expansions in Indiana and Colorado.

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