Solar Panel Company Satcon to Auction Assets on Feb. 4

January 30, 2013

Bankruptcy Judge Kevin Gross cleared the way for solar panel parts maker Satcon Technology Corp. to speed up its auction process by two weeks after the company failed to find a lead bidder to set a floor price for its assets, Dow Jones DBR Small Cap reported today. Satcon sought to move up the auction after it failed to convince any of the 13 potential bidders who signed confidentiality agreements to put in a lead bid several weeks before the auction.