Canadian Solar Company, Follows its American Parent Company Into Bankruptcy

Published December 12, 2016

The Canadian subsidiary of bankrupt of renewable energy giant, SunEdison, has now followed its parent company into bankruptcy.

SunEdison, was a renewable energy conglomerate that manufactured solar panels, and designed, developed, and operated large wind and solar power generating projects around the world.

Canada’s SunEdison branch, had until recently been one of the largest solar panel firms in Canada, having built more than a dozen large solar farms as well as many rooftop systems across the nation.

SunEdison’s Canadian operations continued operating even after the parent company declared bankruptcy in the United States in April. Now the company says it does not have enough cash flow to continue operating effectively and thus filed for bankruptcy protection from its creditors in late October.

H. Sterling Burnett, Ph.D., ([email protected]) is the managing editor of Environment & Climate News.