Meyer Burger (Holding) Corp. and its affiliated debtors have filed a motion seeking bankruptcy court approval to sell approximately 9 megawatts of residential solar panels to BayWa r.e. Solar Systems LLC for $1.3 million in a private sale transaction. The motion, filed on July 22, 2025, in the U.S. Bankruptcy Court for the District of Delaware, represents the solar panel manufacturer's efforts to monetize inventory after winding down operations prior to its Chapter 11 filing.
The proposed transaction would allow Meyer Burger to sell a portion of the 41 MW of residential photovoltaic solar panel modules currently stored at the company's Gouldsboro, Pennsylvania warehouse. According to court documents, the sale would be structured as an "as is, where is" transaction with no post-sale warranty obligations for the debtors.
"The Debtors have no ongoing business use for the Residential Panels in light of the winddown of their business and cessation of operations prior to the Petition Date," the company stated in its filing. "The Debtors continue to incur certain material monthly costs related to storage of the Residential Panels...and believe that the terms of the Bill of Sale may reduce certain of the Debtors' monthly storage costs."
Meyer Burger and its U.S. subsidiaries filed for Chapter 11 protection on June 25, 2025, after facing significant market headwinds that eroded the company's liquidity position. The solar manufacturer had been exploring strategic alternatives to preserve liquidity and maintain operations since August 2024, but ultimately decided to wind down its business and cease all operations prior to entering bankruptcy.
Under the terms of the proposed sale, BayWa r.e. Solar Systems would purchase the panels for $1,303,596 and pay certain warehouse obligations. The purchaser would deposit 50% of the cash purchase price within three business days of the contract date. Importantly, the buyer has agreed to take on warranty obligations for the panels, releasing Meyer Burger from potential warranty claims.
The company is pursuing a private sale rather than an auction process, arguing that this approach is justified given the circumstances. Meyer Burger, with assistance from investment bank Jefferies, has actively marketed the residential panels to potential buyers both before and after the bankruptcy filing. The motion indicates that nearly 100 potential purchasers were contacted regarding the sale of the debtors' assets, with an additional twelve potential purchasers specifically approached about the residential panels.
"By pursuing the Proposed Transaction through a private sale the Debtors believe they avoid the risk that the Residential Panels do not sell in the Sale Process or can only be sold in numerous small lot transactions which would be administratively burdensome to effectuate," the company explained in the filing.
The proposed sale is supported by the company's secured lenders, including both prepetition lenders and DIP lenders, who have consented to the transaction. Their liens on the purchased assets would attach to the sale proceeds.
The hearing on the motion is scheduled for August 13, 2025, with an objection deadline of August 6, 2025. The sale would close shortly after court approval, if granted.
Meyer Burger is represented in the bankruptcy proceedings by Richards, Layton & Finger, P.A. The case is being heard before Judge Craig T. Goldblatt in the U.S. Bankruptcy Court for the District of Delaware (Case No. 25-11217).
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