WETHERSFIELD, CT — A solar energy company with offices in multiple states announced this week "permanent layoffs" are planned for its three offices in Connecticut, including Wethersfield, with nearly 80 employees affected.
According to a WARN notice sent Monday to the Connecticut Department of Labor, PosiGen Developer LLC plans to implement permanent layoffs at its facilities in Shelton, Danbury and Wethersfield "effective immediately."
The layoffs commenced Sunday, affecting a total of 78 employees located in or reporting remotely to the three Connecticut facilities, according to the notice.
"This layoff will result in, among other things, the permanent closure of one or more operating units at the [three] facilities," Chief Administrative Officer John Truschinger wrote in the WARN notice. "The company is actively seeking to obtain sufficient financing from its lender to continue its remaining operations and/or to effectuate a sale of its remaining business and, if it cannot do so, it intends to shut down all operations and close [the three Connecticut] facilities on a permanent basis."
The notice also indicates the company plans to shut down all operations and close the three Connecticut facilities on a permanent basis if it is unable to "obtain sufficient financing to continue operations or to effectuate a sale of its remaining business," resulting in the termination of eight remaining employees of the facilities between Aug. 31 and Sept. 13.
The notice outlines recent financial setbacks experienced by the company following a period of rapid growth "due to certain external opportunities," which placed the company "in a liquidity strain both in the short term and the long term."
While the company was able to raise short-term financing to address its liquidity needs, its efforts to raise long term capital failed, according to the notice.
"This all occurred in the shadow of the passage of a new federal tax law that cancelled certain federal renewable energy tax credits as of the end of 2025, adding regulatory uncertainty to the renewables industry and making it more difficult for the company to secure financing," according to the WARN notice.
(The full WARN notice, which includes a detailed breakdown of the company's recent financial situation, can be read here.)
"These business circumstances were not reasonably foreseeable," Truschinger wrote, "and arose in an increasingly challenging economic environment that already has forced several other major companies in the renewables industry to cease or significantly reduce their operations."
A request for comment from PosiGen was not immediately returned Tuesday.
In addition to Connecticut, PosiGen also operates offices in Massachusetts, Rhode Island, New Jersey, Pennsylvania and Louisiana.
According to the company's website, PosiGen "is working to implement solar power for all."
"We want solar to be affordable and easy to access, especially for underserved communities," the website reads. "By making solar more accessible through our solar leasing program, we are making it possible for families in these communities to invest in their homes, reduce energy costs and take steps toward a brighter future."