Featured in Suntech's darkest hour – 05-2013

When manufacturers go bust

Inverters: Its been a while since Satcon Technology Corporation, a Boston-based large-scale photovoltaic inverter manufacturer, filed for voluntary bankruptcy. Their inverters however still remain on the field posing the questions of who looks after them when the manufacturer closes shop.

By

Ilias Tsagas

03 May 2013

Satcon’s aim in October 2012 was to reorganize its structure, improve its balance sheet and emerge from its financial troubles to continue providing its customers products and services they need. Unfortunately this did not materialize. Instead, in February 2013, after a few months of failing to receive a bid that satisfied the company’s lender Silicon …

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