>Evergreen Solar files for bankruptcy, plans asset sale
By Greg Turner And Jerry Kronenberg
Monday, August 15, 2011
Evergreen Solar Inc., the Massachusetts clean-energy company that received millions in state subsidies from the Patrick administration for an ill-fated Bay State factory, has filed for bankruptcy, listing $485.6 million in debt.
Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The cash-strapped company announced today has sought a reorganization in U.S. Bankruptcy Court in Delaware and reached a deal with certain note holders to restructure its debt and auction off assets.
https://www.bostonherald.com/business/technology/general/view.bg?articleid=1358998&pos=breaking