Tuesday, October 6, 2015

Oregon Solar Technology Developer's Assets On The Block

The assets of Bend, Oregon-based solar power technology developer AE Solar Energy--including all of its tooling, test equipment, finished goods, and more--will be sold in an auction at the end of the month, according to auctioneer Heritage Global partners. AE Solar Energy, which was shut down by parent company Advanced Energy in June, had been manufacturing photovoltaic (PV) inverters at the Bend location, used in solar power installations. Advanced Energy tried, and failed, to find a buyer for the businesss, and had decided to shut down the operations to cut losses. Advanced Energy had acquired Bend, Oregon-based PV Powered back in 2010. AE Solar's assets are being sold, lock, stock, and barrel.