“The owner of a Nevada solar farm financed with government backing filed for chapter 11 bankruptcy, proposing to repay taxpayers less than half of what they are owed on $425 million in outstanding public debt used to build the project. Under the proposed deal, the U.S. government would lose as much as $225 million … [Read more…]
“US residential solar installer PetersenDean has filed for Chapter 11 bankruptcy protection. Red Rose Inc, the parent company of the California-based installer, filed a voluntary petition with the United States Bankruptcy Court for the District of Nevada on 11 June. The firm appears to have preceded the filing by suspending solar and energy storage … [Read more…]
“Warren Buffett’s Berkshire Hathaway Inc on Wednesday said a $377 million charge it incurred recently was tied to a solar generation company that U.S. authorities have linked to fraud. Berkshire said in its first-quarter report on Saturday it had invested $340 million in various tax equity investment funds from 2015 to 2018, before learning … [Read more…]
“Across the U.S., there have been a number of good-faith efforts among utilities and solar companies to find a sustainable policy pathway for rooftop solar and other distributed energy resources that are challenging the traditional electric utility business model. In New York, six utilities recently partnered with three major solar companies on a proposed … [Read more…]