Two more auctions are scheduled to take place in order to sell the remaining surplus capital and manufacturing assets of Solyndra. Counsel RB Capital advised that the auctions are scheduled for December 13 -14, 2011 and January 25-26, 2012. The December auction will include non-core assets, while the January event will auction Solyndra’ s main manufacturing assets, pending final order from the US Bankruptcy Court.
“With our auction partners at Heritage Global, we successfully sold a portion of Solyndra’ s surplus and non-core production assets and inventory at an auction held last month. We expect online and in-person bidders at the mid-December auction to purchase Solyndra’s remaining non-core assets. Pending final order of the U.S. Bankruptcy Court, we will be holding a third auction in late January, which will include state-of-the-art solar energy manufacturing equipment,” commented Adam Reich, co-CEO of Counsel RB Capital.