bankruptcy

Residential Solar Firm Lumio Enters Bankruptcy, Seeks Sale

Lumio's Chapter 11 filing marks a turbulent turn for Utah's solar sector, yet promises continued operations and potential employee equity amidst industry challenges.

Sep 4, 2024 // Markets & Finance News, bankruptcy, Lumio, White Oak Global Advisors LLC

Sun Cable Goes Into Administration in Australia

The massive trans ocean project with renewable resource at its core was certainly the most ambitious to come out of the economic sector in the past 5 years. A most likely reason for going into administration is disagreements between both key backers.

Jan 12, 2023 // Plants, Markets & Finance News, Mike Cannon-Brookes, bankruptcy, Andrew Forrest, Sun Cable, AAPL, dispute, administration

Chinese photovoltaic panel affiliate in California files bankruptcy, starts liquidating 400-MW plant

Sunergy California LLC, the firm manufacturing CSUN photovoltaic panels in a 400-MW manufacturing facility outside Sacramento, filed for bankruptcy earlier this year and is currently in the process of liquidating its properties.

Oct 13, 2021 // Manufacturing News, Markets & Finance News, USA, North America, bankruptcy, Chine, CSUN

Algerian module manufacturer Condor declare bankruptcy

The electronic devices maker has a 130 MW capability module manufacturing center and also possesses a fifty percent risk in French-Algerian module manufacturer Aurés Solaire, which runs a 30 MW panel manufacturing facility in the nation.

Feb 10, 2020 // Manufacturing News, Markets & Finance News, bankruptcy, Algerian, Condor

Tesla solar roof tile rival heads for Chapter 7 personal bankruptcy

RGS Energy (Real Goods Solar Inc.), a prospective competitor to Tesla's solar tile roof system has just recently caught Chapter 7 bankruptcy, having stopped working to raise further capital on long-standing operating losses.

Feb 6, 2020 // Markets & Finance News, USA, TESLA, residential, North America, bankruptcy, rgs energy

ET Solar main shareholder files for insolvency

The relocation, by Taitong Industry Ltd, will come as a fresh blow to the Chinese module maker, which twice failed to go public-- in the U.S. and China-- and whose project advancement organisation suffered a battering in China when Beijing checked aids in 2018.

Feb 3, 2020 // Manufacturing News, Markets & Finance News, China, Asia, ET Solar, bankruptcy

Insolvency proceedings started for Hanergy’s unit

Solibro Hi-Tech filed for insolvency last Friday. In August, 2019, Solibro GmbH was also declared insolvent. Both companies belong to Hanergy group.

Jan 13, 2020 // Markets & Finance News, Germany, Europe, Hanergy, Solibro, bankruptcy

Auction convened to offload PV generators of bankrupt DC Solar

A sizeable batch of DC Solar stock is to go under the hammer this week in a bid to liquidate assets from the now-defunct Californian PV firm, undone by a high-profile FBI investigation.

Dec 9, 2019 // Markets & Finance News, California, USA, North America, bankruptcy, dc solar, legal affairs

German solar manufacturer Solibro is a bankrupt

Insolvency proceedings started against Solibro, formerly one of the major thin-film PV suppliers in Germany. The creditors couldn’t invest the funds sufficient for the company’s restructuring. As a result, about 180 people will find themselves unemployed.

Nov 5, 2019 // Manufacturing News, Markets & Finance News, Germany, Europe, Solibro, bankruptcy

The largest private coal company in the United States just went bankrupt

Despite promises by President Trump to save the coal industry, the crisis in the sector is clear. Solar, wind and batteries have the world to gain.

Oct 31, 2019 // Markets & Finance News, USA, Trump, North America, Rick Perry, Bob Murray, Murray Energy, bankruptcy, Louisiana

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