After filing for Chapter 11 bankruptcy protection in March this year, Sungevity has been approved for sale to Minnesota private equity firm Northern Pacific Group for US$50 million.
Atlanta-based solar panel manufacturer Suniva has officially filed for Chapter 11 bankruptcy blaming overcapacity due to a mass influx of cheap solar panels in Asia, undercutting domestic production.
Bankrupt US solar module start-up Beamreach Solar’s pilot production line in Milpitas, California is being offered for sale by Silicon Valley Disposition (SVD).
Hawaiian Electric Companies (HECO) and Texas’ NRG Energy have signed new PPAs to bring online over 100MW of new solar in Oahu, with three utility-scale PV projects.
Bankrupt renewables firm SunEdison has finally got the green light to proceed with the US$150 million sale of its FBR (Fluidised Bed Reactor) technology polysilicon assets to GCL-Poly Energy Holding after a deal was struck with company spinoff SunEdison Semiconductor.
Bankrupt renewables firm SunEdison is seeking bankruptcy court approval to sell a number of its North American assets as part of its restructuring plan.
Bankrupt renewables firm SunEdison has informed its two yieldcos that it will no longer pay interest on their senior notes due to Chapter 11 bankruptcy proceedings, according to SEC filings.
Abengoa, which entered insolvency proceedings last November, has been granted bankruptcy protection under Chapter 15 over the objections of a group of insurance companies who claimed the Spanish renewables company’s talks to restructure billions in debt was unfair to US creditors.
Despite claims by the company and automatic acceptance by the mainstream media, SunEdison’s position as the ‘world's largest renewable energy developer’ almost came to fruition in 2015.
