This bankruptcy comes with a political edge — because the startup received $737 million in a U.S. federal loan guarantee as part of the 2009 stimulus package — during the Obama administration.
PetersenDean came to solar from the roofing world and has long been a top-ten U.S. solar installer with a multi-state regional practice.
Also in the brief: product announcements from GAF Energy, REsurety and Point Load Power.
Amidst operational problems and a terminated power contract, a lawsuit by developer SolarReserve warns that a DOE takeover of the project could push it into bankruptcy.
A district court has ruled that the bankruptcy court will be where the decisions are made as to what happens to power contracts, ending a push by developers to give FERC a greater say.
Only days after federal regulators claimed “concurrent jurisdiction”, the California utility is taking steps to ensure that it has the ability to get out of its power contracts.
The developer has filed at FERC to proactively stop any changes to its contracts, but the bankruptcy court will have the final say. The move comes as PG&E reports receiving $5.5 billion to keep it afloat during its bankruptcy.
In this interview California Solar & Storage Association’s (CALSSA) senior advisor looks at what the pending bankruptcy of PG&E should mean for solar and energy storage, from rooftop solar to the future of the utility.
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