BREAKING: SolarWorld files for insolvency
Pioneering solar manufacturer SolarWorld AG is insolvent. It is unclear whether the company’s U.S. subsidiary must now file as well.
BREAKING: tenKsolar undergoing restructuring
Details are sparse, but layoffs have already begun and a Chief Restructuring Officer is being appointed.
BREAKING: HelioPower files for Chapter 11 bankruptcy
The case, filed in U.S. Bankruptcy Court for the District of Nevada, shows the California installer has liabilities of up to $10 million, owed to up to 5,000 creditors.
Suniva files for chapter 11 bankruptcy
Two weeks after laying off 131 employees without notice and closing its module plant in Michigan, one of the largest U.S. solar manufacturers has filed for bankruptcy.
Sungevity’s insolvency shows in employees’ checks
Today the final checks to Sungevity workers laid off without notice last week bounced, as the latest problem for the company and its former employees.
Aquion files for Chapter 11 bankruptcy
After losing money for the past two years, the saltwater battery storage company couldn’t raise enough new capital to meet its debt obligations, leading to the filing in the U.S. Bankruptcy Court for the District of Delaware yesterday.
Flex survives a $500 million loss in business after SunEdison flamed out
Through no fault of its own, the energy-storage manufacturer revealed on its most recent earnings call that the continuing SunEdison fiasco cost it $500 million in revenue in 2016 – but it lived to tell the tale.
Sale of Verengo assets clears another hurdle
Since the company received only one bid for its more than 20,000 installed systems, the sale of them to Crius Energy is set to move forward
Bank of America may be interested in bailing out SunEdison
Court documents reveal potential “enthusiastic interest” from the Charlotte, N.C. banking giant to provide money to the cratering solar installer.
SoCore outlines deal to buy 22 SunEdison projects in Minnesota
In a filing in the U.S. Bankruptcy Court in the Southern District of New York, the president of SoCore Energy discussed the nearly $80 million deal.
