In A Surprise Move, Proterra Files For Chapter 11 Bankruptcy Protection
Electric bus manufacturer Proterra unexpectedly filed for bankruptcy this week, as it struggles to become profitable.
bankruptcy
Gas Stations Face Bankruptcy As Demand Plummets
With the COVID-19 pandemic keeping many people and cars at home and the looming threat of mass bankruptcy forcing consumer demand even lower, we have to ask: are gas stations making any money?
Schletter Delivers “Most Stable” Solar Tracker
The Schletter Group has emerged from its US unit’s bankruptcy earlier this year to begin delivering a new, more stable solar tracker to the North America, Asia, and Australia markets, with one recent sale in Zimbabwe. The company also is installing bifacial solar panels for the first time on its new tracker in Germany, says Christian Salzeder, the new chief sales officer for Schletter in Kirchdorf, Germany.
Jaguar Land Rover Poised To Cut 5,000 Jobs
Jaguar Land Rover sales have fallen off a cliff, largely because many of its vehicles are powered by diesel engines. It is struggling to convert to electric cars but will it have enough money to do so? Meanwhile, it expects to layoff 5,000 employees next year.
6th Largest US Coal Company Files For Chapter 11 Bankruptcy
With 19 mines in the US and in Canada, Westmoreland Coal Co. is the 6th largest coal company in America, but it recently filed for Chapter 11 bankruptcy.
FirstEnergy Seeks Corporate Fossil Fuel Bailout Amidst Bankruptcy
The subsidiaries that run FirstEnergy Corp.’s nuclear and coal-fired power plants filed for bankruptcy at the end of March after months of speculation, while at the same time essentially petitioning the US Department of Energy to declare an emergency that would effectively bail out the ruined fossil fuel company.
Aquion Energy Files For Chapter 11 Bankruptcy
The battery technology and manufacturing firm Aquion Energy — well known for its Aqueous Hybrid Ion (AHI) energy storage and battery systems — has filed a voluntary petition under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court of the District of Delaware, according to recent reports.
SunEdison Foresees Future Successful Reorganization, Shareholders Seek OEC
Following several months of intense negotiations and restructuring efforts such as the sale of many of its existing assets, the once-powerful SunEdison has apparently claimed that “there is a strong likelihood” that the company “will successfully reorganise.”
SunEdison Gets All Passive-Aggressive In Discussions With TerraForm Yieldcos
Less than a week after TerraForm Power and Global threw their parent company SunEdison under the bus, it has hit back with a passive aggressive press release that 16-year-olds the world over will be learning from for many years to come. Late September, SunEdison’s two yieldcos — TerraForm Power and … [continued]
Could Bank Of America Be On The Verge Of Bailing Out SunEdison?
Court documents filed in the SunEdison bankruptcy case have shed light on a possible way out for the one-time darling of the clean energy world, with information suggesting Bank of America may step up to the plate to save the company. Earlier this week I reported on the current goings … [continued]
