Southern California environment news and trends

What's the German word for bankrupt? Blythe Solar Power Project's parent seeks protection

Mercer 11476

www.energy.ca.gov

Parabolic solar would have delivered solar power for the Blythe Power Project, until Solar Trust switched to PV panels. What happens now is anybody's guess.

While I've been off participating in the daily dispensation of justice under the law, a big solar project in Riverside County is hitting the skids. Solar Millennium is the German parent company behind Solar Trust, the Oakland-based company backing the Blythe Solar Power Project, and it's seeking Deutsche court protection for its debts.

Blythe's Solar Power Project won more than 2 million dollars in loan guarantees from the federal Department of Energy last year. Cue the turmoil: originally slated to use parabolic photovoltaic technology, plans shifted when project managers later ran the numbers and figured out that using solar photovoltaic panels penciled out better, largely because the price of PV had dropped precipitously. That forced the Solar Trust of America to gave up the loan guarantee

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