MA, MI Solar Plants To Be Auctioned

Tue, 10/11/2011 - 5:32am

DEVENS, Mass. (AP) — An Illinois liquidation firm has been named to handle the auction of former Evergreen Solar plants in Massachusetts and Michigan.

Hilco Industrial said in a statement Monday that it had been appointed by the U.S. Bankruptcy Court to take bids on the Evergreen facilities in Devens, Mass., and Midland, Mich., including all related assets housed in the plants.

The solar energy company closed the Devens plant in January and moved manufacturing operations to China. It had previously received more than $20 million in grants and $11 million in tax and lease initiatives from Massachusetts.

Evergreen filed for Chapter 11 protection in August and suspended operations at the Midland plant.

Hilco said bids on the plants were due by Oct. 26, with the final auction scheduled for Nov. 1.



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