Stirling Energy Systems bankruptcy adds to US solar woes

A fourth US solar equipment manufacturer has filed for bankruptcy, though the downfall of Stirling Energy Systems (SES) should come as no surprise.

The Arizona-based maker of SunCatcher concentrating solar power (CSP) dish engines has been on the rocks since at least late 2010, when its Irish parent company, NTR, disclosed heavy losses stemming from its expansion into the US solar market.

Despite having permits and power purchase agreements in place for nearly 1.4GW of California SunCatcher projects as recently as a year ago, SES’ project-development sister company Tessera was never able to obtain financing. It sold off the Imperial Valley and Calico projects to developers who intended to Log in to read complete article.

Become a Recharge subscriber!

Or try our free trial.

Order Subscription

Already a member?

Login