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.




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