29 Sep '11, 6pm

Stirling Energy Systems, Dish-Engine Solar Maker Files for Chapter 7 Bankruptcy: Stirling Energy Systems (SES)...

Stirling Energy Systems (SES) of Scottsdale, Arizona, a system manufacturer of dish-engine solar plants has filed for chapter 7 bankruptcy according to an article in Renewable Energy World . Our calls to the company have not yet been returned, the firm's website is offline. This event should come as little surprise to followers of the Stirling/Tessera saga. In April 2008, Ireland's NTR acquired a majority stake in Stirling Energy Systems for $100M. About a year ago, Tessera Solar, the dedicated development arm for SES, had two massive projects -- each with PPAs signed by major California utilities. The Imperial project was a 709 megawatt plant with a PPA from SDG&E. The Calico project was an 850 megawatt plant with a PPA from SCE. But late last year, the Calico project was sold to a new photovoltaic developer named K Road. And Imperial Valley was acquired by AES Solar , a ...

Full article: http://www.greentechmedia.com/articles/read/stirling-ener...

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