Renewable-energy company Satcon Technology Corp. wants to get its bankruptcy sale process officially under way, though it has not yet lined up a lead bidder for its assets, Dow Jones DBR Small Cap reported today. The Boston-based company, which provides solar-power systems to large-scale commercial businesses, yesterday filed the rules it would like to govern its chapter 11 auction. It wants the contest for its assets to take place on Feb. 19 at the offices of law firm Greenberg Traurig LLP in Wilmington, Del., with a proposed sale hearing to follow on Feb. 21.
