Clean Energy Firm iSun Approved to Auction Itself in Bankruptcy

iSun Inc., a publicly traded solar energy company, won court permission to auction itself in bankruptcy with an opening bid from a Texas firm that specializes in energy deals.

• Competing offers are due by July 22, under rules that US Bankruptcy Judge Thomas M. Horan said on Monday he would approve once lawyers submit final court documents
• Under its opening bid, an affiliate of Siltstone Capital agreed to pay at least $10 million in cash and assume some of iSun’s debts; the total value is about $12.6 million, Ryan Bartley, a lawyer for, Siltstone’s affiliate, Clean Royalties, said in ...