Another prolific solar installer has shuttered in a wave of closures since the start of 2025. Posigen and other affiliated business entities filed for chapter 11 bankruptcy in the Texas Southern Bankruptcy Court on Monday.
Those affiliate companies include: Posigen CT, Posigen Developer and Posigen Holdings — all limited liability companies.
The national residential solar installation company laid off most of its workforce in August, and filed three more Worker Adjustment and Retraining Notifications (WARN) in Connecticut, the last on November 14. Two of Posigen’s facilities in Connecticut were closed, and the third will cease operations and terminate employment by December 6.
In its first WARN filing, the company stated plans to stay open with a reduced workforce and continue operations if it could acquire additional funding. According to the employee termination notice, Posigen had missed credit payments, attributing the layoffs to that and disappearing tax credits from the One Big Beautiful Bill Act passed in July.
“We write now to confirm that, although the company has obtained some additional financing from its lender and is still actively seeking additional financing from its lender, such financings will only permit the company to continue operations for a temporary period — at the end of which the company will shut down all operations,” the November 14 WARN filing states.
Since 2023, investment firm Brookfield Asset Management invested $600 million in Posigen. The company primarily built solar projects for underserved communities and low-to-middle income customers.
