FREMONT -- Solyndra has been slapped with several objections to its plan to reorganize its finances, including opposition from Alameda County, the U.S. Energy Department and the Internal Revenue Service.
The objections come at the same time Solyndra is attempting to sell its solar equipment factory in Fremont. Solyndra has struck a deal to sell the plant to Seagate Technology for $90.3 million.
"The reorganization plan grossly understates the property taxes due" for Solyndra's properties, the Alameda County Tax Collector claimed in documents filed with the Bankruptcy Court in Delaware. The county added, "The plan fails to state that Alameda County is entitled to 18 percent interest on its secured property tax claim."
Separately, the U.S. DOE noted that Fremont-based Solyndra received a loan of $528 million in connection with the construction of the solar panel factory that is headed for a sale to Seagate.
Cupertino-based Seagate hopes to complete its purchase of the Solyndra factory by early 2013.
Contact George Avalos at 925-977-8477. Follow him at twitter.com/george_avalos.