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Published on 11/30/2011 in the Prospect News Distressed Debt Daily.

Evergreen Solar gets OK for $3.2 million asset sale to ES Purchaser

By Jim Witters

Wilmington, Del., Nov. 30 - Evergreen Solar Inc. received court approval Wednesday for the sale of its Lot 4B assets to ES Purchaser LLC for $3.2 million, according to documents filed with the U.S. Bankruptcy Court for the District of Delaware.

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

Evergreen Solar is a Marlboro, Mass.-based producer of solar power. The company filed for bankruptcy on Aug. 15 under Chapter 11 case number 11-12590.


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