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Blythe Solar Project Bankrupt


By Robert Winkler
The Desert Independent

April 6, 2012

BLYTHE, Calif Solar Millennium which includes Solar Trust of America, is filing for Chapter 11 bankruptcy protection in U.S. Bankruptcy Court in Wilmington, Delaware. Solar Trust had been building the 1,000-megawatt solar plant just north of the city, one of the largest solar arrays in the world.

Solar Millennium, the German based parent company has not provided any funding to the project or U.S. based company since well before the filing. Things are pretty bad with an asset to liability ratio of 1 to 10.



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