Bankruptcy

DC Solar owners plead guilty to Ponzi scheme, face long prison terms

The owners of DC Solar pleaded guilty to charges of conspiracy to commit wire fraud and money laundering in a Ponzi scheme that pulled in more than $900 million. Jeff Carpoff faces up to 30 years in jail, while Paulette Carpoff confronts up to 15 years.

More thin-film solar carnage: Hanergy subsidiary Solibro Hi-Tech declares insolvency

Insolvency proceedings have been underway for Solibro GmbH since late summer, and business operations have long been suspended. This week another Hanergy subsidiary, Solibro Hi-Tech, has also declared insolvency.

Morning Brief: Sigora Solar on the Virginia Clean Economy Act, Solar Frontier Americas has a financed project

Hello all and welcome to the last morning brief of the year! Today we’re looking at Global Solar layoffs, PG&E paying Topaz, a 100 MW Hecate project and more.

Shell buys big solar, California is hungry for more: pbMB 11/11/19

Welcome to a Veterans Day edition of the pvMB where we’ll be looking at Sungrow becoming the largest string and central inverter supplier in the United States, the choice of 8minute Solar Energy to construct Eland, and a big sPower project in Arizona.

PG&E, but run by the people

California Governor Gavin Newsom, in expressing his dissatisfaction with PG&E, has proposed that it is not out of the question that the state could intervene in the restructuring of the utility. But what would this kind of government intervention look like and what would it mean for solar?

1

ET Solar is back in the U.S. market

Six months after settling claims in the Chapter 11 bankruptcy case of its U.S. distribution subsidiary, the Chinese PV maker says it has signed more than 500 MW of U.S. module supply contracts.

1

Bankrupt PG&E trading time for solar and storage discounts

Pacific Gas and Electric Company has requested that its bankruptcy court judge approve a 10% and 11% reduction on five contracts for solar and storage projects under development, in exchange for extensions ranging from 12 to 24 months to deliver working projects.

2

The next two weeks will determine PG&E’s future

A federal judge has given California officials until August 7 to review third-party proposals for the revival, reconstruction and potential takeover of Pacific Gas And Electric. The maligned utility filed for Chapter 11 bankruptcy in January, facing roughly $30 billion in wildfire-related insurance claims.

7

Schletter to restart its North Carolina presence, sans factory

The mounting systems maker is opening a new sales and distribution office in the Charlotte metro area, and has maintained manufacturing in Europe and Asia.

Welcome to pv magazine USA. This site uses cookies. Read our policy.

The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

Close