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"OUS solar project hits bump with REDCO bankruptcy"

"OUS solar project hits bump with REDCO bankruptcy"

The Oregon University System's aggressive solar plan hit a speed bump when its developer filed for bankruptcy protection.

The developer selected by the Oregon University System to build what was to be the state's largest solar project filed for bankruptcy at the end of the last year, leaving the state scrambling to find a replacement.

Utah-based Renewable Energy Development Corp., known as REDCO, filed Chapter 7 bankruptcy protection on Dec. 30, 2011 leaving the ambitious solar project, which aims to install large solar arrays at each of the state's public universities, without a developer.

Bob Simonton, OUS assistant vice chancellor for capital programs, said the program, announced with great fanfare last August, would move forward, just with a new developer.

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