After its sudden closure amid lawsuits and an avalanche of complaints, the North Carolina solar energy company Pink Energy has filed for chapter 7 bankruptcy, the Charlotte Observer reported. The Mooresville-based company, formerly known as Power Home Solar, filed Oct. 7 for liquidation bankruptcy in Western District of North Carolina, documents show. Pink Energy claims it has more than $138 million in debts and at least $100 million in assets, according to court documents. It’s the latest move by the eight-year-old solar company that served 35,000 residential solar customers in 16 states, including about 5,700 homes in North Carolina. Pink Energy’s troubles stems from what the company CEO Jayson Waller alleges was faulty equipment from its former business partner Wisconsin-based Generac Power Systems leading to “rampant consumer discontent.”
