Inverter Manufacturer Satcon To Liquidate After Failing To Find Buyer

19 Feb. 2013 by

SOLAR INDUSTRY MAG - Boston-headquartered Satcon Technology Corp., a provider of utility-scale power conversion products for the renewable energy market, plans to begin liquidation.

The company, which filed for Chapter 11 bankruptcy last October, was unable to find a buyer by its deadline last week, according to court documents cited by Thomson Reuters. Consequently, the bankruptcy will be converted to a Chapter 7 liquidation, and Satcon's assets are expected to be sold piecemeal by a court-appointed trustee.

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