Complete Solar Holdings has announced that the United States Bankruptcy Court for the District of Delaware has approved the going concern sale of substantially all assets of the Blue Raven, New Homes and Dealer businesses of SunPower Corporation and certain of its affiliates to Complete Solar for $45 million in cash.
The sale is expected to close on or before Sept. 30, at which time SunPower businesses, the SunPower brand and its employees will become part of Complete Solar.
“This is a pivotal moment in the history of SunPower, one of the most storied U.S. solar companies,” says T.J. Rodgers, Complete Solar CEO.
“The dark cloud currently hanging over the U.S. solar industry will not bring SunPower’s demise. And when that cloud recedes – as it must, since only 3.7% of American homes have solar power in an age when solar energy has literally become cheaper than fossil fuel energy – the New SunPower will re-emerge as a lean and competitive American-owned company with a national footprint.”
The post Court Approves Complete Solar Purchase of SunPower Assets appeared first on Solar Industry.
It’s a tragedy that this didn’t happen in 2015 when Trump entered the political scene.
This is exactly correct. As the CEO of one of the major television networks said back in 2015, “Trump is terrible for the nation, but he’s great for us.”
I guess the takeaway is simply this: We’ll do anything for money.
Weather Guard Lightning Tech
GE Vernova and Vineyard Wind Settle, UK Approves Irish Sea Cables
GE Vernova and Vineyard Wind drop all claims in their $4.5 billion dispute. Plus the UK approves Irish Sea cables for Morgan and Morecambe, a GE turbine order in Japan, whale recorders in the Celtic Sea, and previews of WindEnergy Hamburg.
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GE Vernova and Vineyard Wind Settle, UK Approves Irish Sea Cables
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