PROBLEM: The decision to change its business model to one that concentrated on community solar gardens led to unexpected problems.
PROBLEM: Large contracts were lost, forcing the company to file for Chapter 11 protection.
PROBLEM: A lack of working capital and unique corporate structure hindered management’s growth agenda.
PROBLEM: COVID-19 impacted much of the company’s client base which, in turn, led to its own cash flow issues that endangered commitments made to trusted customers and suppliers.
PROBLEM: The reputation and future prospects of one of the companies was beyond repair, impacting operations and requiring a bankruptcy protection filing.