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N.C. solar energy company under investigation files for liquidation bankruptcy

PRE News & Ideas | By Annette Weston-Riggs
Published October 12, 2022 at 9:43 AM EDT
Yes Solar Solutions

The solar energy company under investigation by North Carolina Attorney General Josh Stein and AGs in three other states has filed for bankruptcy.

Pink Energy serves 5,700 homes in North Carolina, and tens of thousands more in 15 other states. The company shut down and laid off 500 workers about a week ago.

In a video statement, CEO Jayson Waller blamed the company's failure on former business partner Generac, which makes solar panels for homes and businesses.

"It is time for Generac to finally accept responsibility for this and make things right for its customers and business partners. I demand you do a recall now," he said.

Generac has told multiple media outlets the problem is with how Pink Energy installed its products.

The Mooresville company filed for Chapter 7 liquidation bankruptcy in Western District of North Carolina, documents show. Pink Energy claims it has more than $138 million in debts and at least $100 million in assets.

Annette Weston-Riggs
Annette is originally a Midwest gal, born and raised in Michigan, but with career stops in many surrounding states, the Pacific Northwest, and various parts of the southeast. She has been involved in the media industry in eastern North Carolina for more than three years. An award-winning journalist and mother of four, Annette moved to ENC to be closer to family – in particular, her two young grandchildren. It’s possible that a -27 day with a -68 windchill in Minnesota may have also played a role in that decision. In her spare time, Annette does a lot of toddler and baby cuddling, reading, designing costumes for children’s theater and producing the coolest Halloween costumes anyone has ever seen. She has also worked as a diversity and inclusion facilitator serving school districts and large corporations. It’s the people that make this beautiful area special, and she wants to share those stories that touch the hearts of others. If you have a story idea to share, please reach out by email to westona@cravencc.edu.
See stories by Annette Weston-Riggs