Motion for Joint Administration Filed by Sunworks, Inc.
February 20, 2024 at 09:30 am IST
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Sunworks, Inc.along with its affiliates, filed a motion for joint administration of their Chapter 7 bankruptcy cases in the US Bankruptcy Court on February 20, 2024. As per the motion, the debtor seeks the joint administration of the cases of its affiliates, Commercial Solar Energy Inc., Solcius, LLC, and Sunworks United, Inc., with its own case for administrative and procedural purposes. Sunworks, Inc. has been proposed as the lead debtor.
Sunworks, Inc. provides photovoltaic (PV) and battery-based power and storage systems for residential and commercial markets. The Company's commercial projects include commercial, agricultural, industrial, and public works projects. It operates through three segments: Residential Solar, Commercial Solar Energy, and Corporate. Residential Solar segment designs, arrange finances, integrates, installs, and manages systems, primarily for residential homeowners. The Commercial Solar Energy segment designs, arrange finances, integrates, installs, and manages systems ranging in size from 50kW (kilowatt) to multi-MW (megawatt) systems primarily for larger commercial and public works projects. Its commercial installations include installations at office buildings, manufacturing plants, warehouses, service stations, churches, and agricultural facilities such as farms, wineries, and dairies. Its public works installations include school districts, federal facilities and local municipalities.