Nasdaq-listed solar panel producer Canadian Solar bought SpectraWatt after it filed for Chapter 11 bankruptcy in August.
SpectraWatt, a US-based solar power company which originally had spun off from chip maker Intel Corporation and was backed by its corporate venturing unit, has been sold out of bankruptcy for $4.9m.
Nasdaq-listed solar panel producer Canadian Solar bought SpectraWatt after an auction by Heritage Global Partners after filing for Chapter 11 bankruptcy in August.
In 2008, Spectrawatt had spun off from Intel Corporation and had raised $50m from Germany-based solar company Solon, Intel Corporation, Intel Capital, PCG Clean…
