by KATY STECH
Quickly running out of money, solar-project developer Solar Trust of America LLC filed for bankruptcy before it could finish a multibillion-dollar solar plant in California that was planned to generate electricity as one of the world's largest solar-power projects.The company filed for Chapter 11 bankruptcy protection in Delaware on Monday after majority owner Solar Millennium AG—now under the control of a German bankruptcy professional—stopped putting money into the company.
The financial pipeline was cut short before engineers could begin operating the Blythe Solar Power Project, a 1,000-megawatt system with capacity to power 300,000 homes, according to the company.
Read more:WSJ
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