SunPower, one of the largest residential solar installation companies in the US, filed for Chapter 11 bankruptcy after announcing plans to sell portions of its operations to Complete Solaria for $45 million. The company is facing an acute liquidity crisis due to a decrease in demand for residential solar and a series of erroneous financial reports. SunPower aims to sell its existing operations and assets as quickly as possible to pay down its outstanding debts, then wind down any unsold business operations. Matthew Henry, SunPower’s newly appointed CTO, has been appointed to oversee the bankruptcy proceedings. The bankruptcy documents indicate that SunPower has approximately $2.01 billion in outstanding debt obligations.

Solar Dominates US Energy Capacity Growth
The Federal Energy Regulatory Commission (FERC) has published data showing that solar accounted for over 75% of US electrical generating







