Well-known photovoltaic companies will be acquired

According to foreign media reports, on August 29, local time in the United States, the U.S. Bankruptcy Court approved Complete Solaria to acquire SunPower's assets for US$45 million (about RMB 319 million), including its distributed solar business, non-installation dealer sales business, and the Blue Raven division acquired by SunPower for US$165 million in 2021. This means that if there is no higher bid in the auction held in the next few weeks, Complete Solaria will acquire the above assets. Previously, SunPower declared bankruptcy in August this year due to falling demand and rising inflation.

According to court documents, the Delaware Bankruptcy Court set a deadline of September 10 for additional bids, and if necessary, an auction will be held on September 16. The court also set a deadline of September 20 for objections to the sale. In addition, Maxeon, which was spun off from SunPower in 2020, reportedly expressed opposition to the "stalking horse bidding" rule on the grounds that it owns SunPower's trademark rights outside the United States. However, the objection was rejected.