Phoenix Solar to file for insolvency in Germany
The construction contractor will start insolvency proceedings at the district court in Munich next week.
Level Solar files for Chapter 11
After bizarrely disappearing off the face of the Earth in September, dropping its website and laying off all its employees, the New York solar installer has filed for bankruptcy.
LONGi, Canadian Solar in talks with Suniva
Reports from the company’s bankruptcy filings indicate conversations with multiple companies that could potentially acquire the bankrupt cell and module maker.
Amid devastation, Tesla begins restoring power in Puerto Rico
Current estimates suggest 80% of Puerto Rico is still without power, but thanks to Elon Musk’s efforts at least one children’s hospital has been able to turn the lights on.
Thin film PV maker Stion to discontinue operations
The Mississippi-based CIGS manufacturer cites “intense” competition from imports.
SUNation Solar Systems acquires Level Solar accounts
Almost exactly one month after Level Solar slipped the surly bonds of business and left the solar industry for good, SUNation Solar Systems has been approved by the former company’s board of directors to take over servicing those accounts.
Suniva secures an additional $3 million in financing
A bankruptcy court has approved the additional loan, which should allow the main creditors of the bankrupt cell and module maker to continue their pursuit the Section 201 case.
Level Solar employees strike back, alleging no WARN-ing in lawsuit
Workers at the New York solar installer that tried to disappear without a peep last week have filed a class action lawsuit against the firm, alleging that it violated the federal Worker Adjustment and Retraining Notification Act (WARN Act)
Enphase appoints new president/CEO from Cypress Semiconductor
The company has replaced CEO Paul Nahi, who abruptly stepped down a month ago, with an executive from the semiconductor industry
HelioPower emerges from Chapter 11
Six days ago, a judge in Nevada approved the company’s reorganization, saying the company had met all its obligations. The approval gives HelioPower the green light to resume doing business.
