Bankruptcy

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News & Analysis as of May 18, 2013

Solar Project Performance May Be Threatened By Satcon Bankruptcy - Semi-Annual Audits Should be Conducted to Ensure Project...

by Sophie Akins | Best Best & Krieger LLP on 4/11/2013

If your solar project uses Satcon-brand inverters to convert the direct current generated by your solar panels into alternating current, you may have recently received notice from Satcon or your installation contractor that...more

Renewable Energy Update -- October 23, 2012

by Allen Matkins Leck Gamble Mallory & Natsis... on 11/2/2012

In This Issue: Renewable Energy Focus - BP off-loads assets as it withdraws from China's solar markets; Solyndra presses for bankruptcy plan OK over US objection; Fracking boom boosts water treatment business;...more

The DC Circuit Court Vacates Cross-State Air Pollution Rule

by Cadwalader - Financial Restructuring on 8/23/2012

On August 21, 2012, the D.C. Circuit Court overturned the E.P.A.’s proposed Cross-State Air Pollution Rule. The ruling could impact many distressed power plants, particularly coal-fired plants, by reducing environmental...more

Renewable Energy Update -- June 26, 2012

by Allen Matkins Leck Gamble Mallory & Natsis... on 6/27/2012

In This Issue: Renewable Energy Focus - Solyndra close to filing bankruptcy plan; Controversial clean power line is finally live; Iberdrola cutting down its U.S. business; U.S. Barring Efforts to Circumvent Duties on...more

Solyndra Bankruptcy and Obama Administration

by Tampa Bay Bankruptcy Center, P.A. on 9/22/2011

The collapse of Solyndra Corp, a California based solar maker has subjected the Obama Administration to more than just nation-wide criticism and embarrassment. It has cost US taxpayers $535 million in a loan guaranteed by the...more

Solar Equipment Maker Solyndra files for Bankruptcy

by Tampa Bay Bankruptcy Center, P.A. on 9/6/2011

Solyndra, the company the White House highlighted in its efforts to push for cleaner energy technology, has filed for Chapter 11 bankruptcy protection. It has laid off more than 1,000 full-time and part-time workers and...more

Bankruptcy Unlikely to Save BP

by Tampa Bay Bankruptcy Center, P.A. on 9/2/2010

By now, almost everyone realizes that the oil spill by the BP Deepwater Horizon oil rig in the Gulf of Mexico is the worst in history. Already, the British oil company has spent $1.43 billion to stop the flow of oil and clean...more