Observations of a Non-Scientist about Sustainable Living, Renewable Energy and the Power of the Sun.

Get Organized

WHEN SPIDERS UNITE THEY CAN TIE DOWN A LION.
-Ethiopian proverb

Save some for the next guy.


“Earth provides enough to satisfy every man’s need, but not every man’s greed.”
- Mahatma Gandhi

Tuesday, April 3, 2012

Solar-Project Developer Files for Chapter 11 - WSJ.com

Solar-Project Developer Files for Chapter 11 - WSJ.com

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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