Residential solar installer Lumio has filed voluntary petitions for relief under Chapter 11 bankruptcy in the US Bankruptcy Court for the District of Delaware.
Recently bankrupt Sungevity has sold assets to Solar Spectrum, a newly-established solar firm backed by Minnesota-based private equity firm Northern Pacific Group.
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.
