Reason Magazine

Another Obama Administration Attempt at Solar Power Central Planning Goes Bust
Reason Magazine

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.

Solar Trust of America and several affiliates filed for protection from creditors with the U.S. bankruptcy court in Delaware. It estimated to have as much as $10 million of assets, and between $50 million and $100 million of liabilities.

Il y a une semaine, Barack « Le Rouge » Obama a dit que les gens qui s’opposaient aux subventions pour les énergies vertes ne valaient pas mieux que ceux qui pensent que la Terre est plate… I rest my case…