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