SunPower, a solar installer and contributor to microgrid development in the U.S., has declared Chapter 11 bankruptcy and filed for Chapter 11 reorganization. The company also cut a deal with Complete Solaria to sell certain assets such as the Blue Raven Solar and New Homes businesses to the latter as a stalking horse buyer. The California Solar and Storage Association attributes this change to California’s state net metering policies, which are seen to favor utilities. SunPower has listed assets and liabilities of $1 billion and $10 billion in its bankruptcy filing.
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
