Stirling Energy caves in against PV's falling costs

Stirling Energy Systems has filed for Chapter 7 bankruptcy as the stirling dish technology could not compete against the falling costs of solar photovoltaics (PV), according to media reports.

By Kari Williamson

A sign of the trouble to come was already visible at the beginning of the year when Stirling Energy's development arm, Tessera Solar, sold off its two large projects, the 709 MW Imperial project and the 850 MW Calico project to AES Solar and K.Road, respectively.

According to Reuters, Stirling had assets of US$1-10 million, whereas liabilities were in the US$50-100m range.

Stirling Energy's website has been down since the story broke in US media.

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Policy, investment and markets  •  Solar electricity