Fremont-based Solyndra, the solar-panel maker that received a $535 million U.S. Energy Department loan guarantee before going bankrupt, won court approval to hold an auction for its manufacturing plant.
A federal bankruptcy judge approved on Monday procedures for handling the auction.
Seagate Technology has agreed to pay $90.3 million for the shuttered solar panel factory. That bid effectively sets the minimum price for the purchase of the plant, court records show.
Solyndra tentatively scheduled a Nov. 15 hearing to seek court approval to sell the plant, built partly using the government funds.