Another one bites the dust, Scottdale-based solar-dish

[ChandlerJr]

maker faces bankruptcy.

Stirling Energy Systems Inc., a Scottsdale-based manufacturer of mirrored solar dishes, has filed for bankruptcy, leaving a West Valley demonstration plant idle and parts manufacturers unable to create scores of jobs.

Stirling's 1.5-megawatt demonstration plant near 75th and Northern avenues in Peoria stopped running last week, around the time of the bankruptcy filing, Salt River Project spokesman Jeff Lane said.

Stirling and its partner solar-development company, Tessera Solar, had struggled for months as the cost of photovoltaic solar panels dropped, investment financing and a $1 billion federal loan guarantee failed to come through, and utility-scale projects planned in California and Texas were scrapped.


Stirling's bankruptcy filing lists assets of $1 million to $10 million and liabilities of $50 million to $100 million.

Read more: http://www.azcentral.com/business/articles/2011/09/30/20110930scottdsale-solar-dish-maker-faces-bankruptcy.html#ixzz1ZVEJI9cl