US residential solar installer Lumio files for bankruptcy
- Admin
- Sep 6, 2024
- 2 min read
Residential solar installer Lumio files for Chapter 11 bankruptcy in US amid high interest rates and regulatory turmoil in California. Lumio will continue operations under a sale process supervised by the court. White Oak Global Advisors to acquire Lumio's assets through a $100 million credit bid. Andrew Walton, CEO of Lumio, states the company is positioning for growth post-recovery phase.
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