SunPower Corp., a US solar panel manufacturer, files for Chapter 11 bankruptcy, plans to sell assets, and wind down operations.
SunPower Corp., a struggling US solar panel manufacturer, has filed for bankruptcy and plans to wind down operations. It lists assets and liabilities of $1-10B in its Chapter 11 petition. Facing halts in new installations and shipments, SunPower plans to sell assets, including Blue Raven Solar and new homes businesses, to Complete Solaria for $45M. The transaction aims to strengthen Complete Solaria's market position and drive clean energy.
August 06, 2024
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