Major Solar Company Files For Bankruptcy After California Strips Subsidies
SunPower, a major rooftop solar company, filed for Chapter 11 bankruptcy on Monday, the company announced. SunPower filed for bankruptcy in Delaware after a string of corporate struggles, changes to California’s rooftop solar subsidy programs and high interest rates weighed down its business, according to Bloomberg News. Before it unraveled, SunPower was among the leading solar companies in the U.S. SunPower will look to sell some of its assets...