World’s Largest Solar Developer Goes Broke

Interior Secretary Ken Salazar and California Gov. Jerry Brown @ the Blythe Solar Power Project Groundbreaking

(Reuters) – Solar Trust of America LLC, which holds the development rights for the world’s largest solar power project, on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.

The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the U.S. Department of Energy. It is unclear how the bankruptcy will affect that project.

more from googlenews:  http://urlet.com/combines.withhold

Interesting background from Mar. 24:  http://www.sacbee.com/2012/03/24/4362729/gov-jerry-browns-solar-power-campaign.html

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