Verengo Solar Sells Assets In Bankruptcy Sale

Torrance-based residential solar installer Verengo Solar announced late Friday that it has sold substantially all of its assets to Crius Solar Fulfillment LLC, which is a subsidiary of Crius Energy Corporation. Financial details of the sale were not announced. Crius Energy Corporation is a provider of electricity, natural gas and solar products to residential and commercial customers. As part of the deal, Verengo said that Crius will provide "debtor-in-possessoin" financing which will enable to the company to continue operating during the sale process.