Evergreen Solar to sell assets to bidder ES Purchaser for $3.2 million

By Lisa Kerner

Charlotte, N.C., Nov. 23 - Evergreen Solar Inc. asked the court to approve an asset purchase agreement for the sale of its Lot 4B assets to ES Purchaser LLC for $3.2 million in cash, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of Delaware.

ES Purchaser submitted the only bid at auction on Nov. 18.

The company is requesting a Nov. 30 hearing date. The asset purchase agreement has a Dec. 2 deadline for entry of an order approving the sale, according to court documents.

Evergreen Solar is a Marlboro, Mass.-based producer of solar power.

The company filed for bankruptcy on Aug. 15. Its Chapter 11 case number is 11-12590.

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