Bankruptcy

Also in the brief: NJR Clean Energy Ventures acquires the country’s largest floating solar array, a clean energy advocate has been named to Wisconsin’s PSC, a community solar farm proposed in Maine and more.

No potential investor could be found to take over the thin-film solar business. Insolvency proceedings started a few days ago and the business operations of the CIGS thin-film company were finally halted.

Also in the brief: Engie and JLL develop an energy program for State Fund, Oklahoma Gas and Electric is set to develop solar projects for the Chickasaw and Choctaw tribes, PG&E pays Topaz in January.

“Hanergy…is not above the rule of law, and this is not China. In abruptly closing the Alta plant, defendants violated the federal and California WARN Acts, which require at least 60 days written notice of termination where a plant is shut down and/or mass layoffs occur.”

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.

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.

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.

Hello wonderful Tuesday readers and welcome to the pvMB!

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.

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?