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Author Topic: Major Solar Company Files For Bankruptcy After California Strips Subsidies  (Read 388 times)

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Offline rangerrebew

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Major Solar Company Files For Bankruptcy After California Strips Subsidies
« on: August 07, 2024, 06:26:31 am »
 
Major Solar Company Files For Bankruptcy After California Strips Subsidies
Underserved Communities In California Receive No-Cost Solar Energy Installation
 
Nick Pope
Contributor
August 06, 2024


SunPower, a major rooftop solar company, filed for Chapter 11 bankruptcy on Monday, the company announced.

SunPower filed for bankruptcy in Delaware after a string of corporate struggles, changes to California’s rooftop solar subsidy programs and high interest rates weighed down its business, according to Bloomberg News. Before it unraveled, SunPower was among the leading solar companies in the U.S.


SunPower will look to sell some of its assets to Complete Solaria while the company and some of its other subsidiaries file for bankruptcy announced, SunPower said in its Monday announcement. (RELATED: California Solar Companies Hit The Skids After Receiving Huge Handouts From Biden, Dems)

https://dailycaller.com/2024/08/06/solar-sunpower-california-bankruptcy-subsidies/
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Offline Smokin Joe

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Re: Major Solar Company Files For Bankruptcy After California Strips Subsidies
« Reply #1 on: August 07, 2024, 06:29:25 am »
Solyndra, anyone?

Who did they donate to?
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Offline IsailedawayfromFR

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Re: Major Solar Company Files For Bankruptcy After California Strips Subsidies
« Reply #2 on: August 07, 2024, 08:23:58 am »
Another Democrat scheme to enrich a few connected individuals that will be swept under the rug
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Offline jafo2010

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Re: Major Solar Company Files For Bankruptcy After California Strips Subsidies
« Reply #3 on: August 07, 2024, 08:54:54 am »
SunPower made one of the best panels in the solar industry, and over time, contracted work for panels to an Indian company.  When I saw that, I knew they were on their way down.

SunPower was/is owned by Total.  I am surprised they are letting it fall down the crapper!!!
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