Solar company Stirling Energy Systems has filed for bankruptcy, another casualty of a brutal global price war that is favoring commodity photovoltaic panels.
The Scottsdale, Arizona-based company filed for Chapter 7 bankruptcy late last week. The utility-scale solar company's largest investor is renewable energy developer NTR of Dublin, Ireland.
Founded in 1996, Stirling Energy Systems makes a large, 38-foot-high reflective dish which concentrates sunlight onto a Stirling engine to generate electricity. The 25-kilowatt SunCatcher dishes are designed to be used as building blocks for utility-scale solar farms in desert areas with sufficient sunlight.