Solar firm files for Chapter 11 bankruptcy

NovaSolar Inc., the thin-film solar manufacturer that was created from the management and technology of OptiSolar, filed for Chapter 11 bankruptcy on June 15, according to NASDAQ. OptiSolar had previously halted production of its solar technology in 2009.

The company has claimed $6 million in assets and $14 million in liabilities.

NovaSolar's Chapter 11 filing is the latest in a number of recent solar company bankruptcies, which includes Solyndra LLC, Evergreen Solar Inc., Energy Conversion Devices Inc. (ENERQ) and Solar Trust of America LLC.

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