Solar Millennium’s U.S. Units File for Bankruptcy Protection
This article is for subscribers only.
U.S. units of Solar Millennium AG, the maker of solar thermal power plants undergoing insolvency proceedings in Germany, filed for bankruptcy protection from creditors and plan to sell some businesses.
Solar Millennium Inc., based in Oakland, California, Solar Trust of America LLC and other units listed assets of less than $100 million and debt of as much as $500 million in Chapter 11 papers filed today in U.S. Bankruptcy Court in Wilmington, Delaware.