Current posture

What matters now

Tonopah Solar Energy is in a post-sale Chapter 11 wind-down posture after its sale of substantially all assets to Tonopah Energy Center LLC closed on July 28, 2026, pursuant to the sale order and asset purchase agreement. Sale-closing notice Dkt. 435 The debtor filed its voluntary Chapter 11 petition on January 21, 2026, to pursue a section 363 sale and pre-negotiated liquidation plan. Voluntary petition Dkt. 1 The filing followed recurring molten-salt tank leaks, reduced generating capacity, the loss of its long-term NV Energy power purchase agreement, and the impending expiration of its short-term Switch contract, leaving the single-asset solar operator without durable revenue certainty. First-day declaration Dkt. 12 As of the petition date, the capital structure included approximately $173.5 million in funded debt, secured by first-priority liens on substantially all assets. First-day declaration Dkt. 12 The debtor entered the case under an RSA with its prepetition lender, parent, and operations contractor, supported by a marketing process that had contacted more than 253 prospective buyers but had not produced an actionable prepetition bid. The proposed course was to preserve operations…

Updated Aug 9, 2026