SunPower has entered into an asset purchase agreement, with Complete Solaria serving as stalking horse buyer for the assets associated with SunPower’s Blue Raven Solar business, new homes business and non-installing dealer network.
The company and certain subsidiaries filed for Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.
Subject to court approval, Complete Solaria will acquire the assets and assume certain related liabilities in exchange for $45 million.
“For nearly 40 years, SunPower has made solar energy more accessible to Americans, driven by our mission to change the way our world is powered. We are confident Complete Solaria’s CEO, T.J. Rodgers, will carry forward our vision to shape the future of residential solar as a pioneer in this space,” says Tom Werner, executive chairman at SunPower.
“In light of the challenges SunPower has faced, the proposed transaction offers a significant opportunity for key parts of our business to continue our legacy under new ownership. We are working to secure long-term solutions for the remaining areas of our business, while maintaining our focus on supporting our valued employees, customers, dealers, builders and partners.”
Kirkland & Ellis and Richards, Layton & Finger serve as legal counsel to SunPower. Alvarez & Marsal North America is serving as transition officer and financial advisor to the company. Moelis & Company is serving as the investment banker and C Street Advisory Group serves as its strategic communications advisor.
DLA Piper and Arnold & Porter Kaye Scholer are serving as legal counsel to Complete Solaria, with Ayna.AI serving as its advisor.
The post SunPower Files for Bankruptcy appeared first on Solar Industry.
We all need to hope that the words at left here become true, because the only alternative is Trump’s achieving the same status in the United States that Putin has in Russia, Xi has in China, and Jong Un has in North Korea, i.e., supreme leader for life.
https://www.2greenenergy.com/2026/05/14/trump-and-treachery/
In the United States, we are a million miles away from a government that ensures that its citizens are taken care of.
When we look at countries in Europe, as well as those in New Zealand, Iceland, Costa Rica, etc., we see that it is possible to blend free enterprise with a sense of community and harmony.
Some Governments for the Wellbeing of Their People, But Not in America
If you think the Trump brand is toxic now, just wait and see how this all turns out.
When was the last time you saw a building marked “Hitler Tower?”
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