04 Apr '12, 5pm

No DOE Funding Went to the Solar Trust Blythe PV Project: Everyone views the world through their owns lens and...

No DOE Funding Went to the Solar Trust Blythe PV Project: Everyone views the world through their owns lens and...

Everyone views the world through their owns lens, and those distortions shape how we interpret the world and the news. So when a large solar entity like Solar Trust, which was involved with the troubled Blythe Solar Power Project, goes bankrupt -- people and pundits react from their guts and not their minds. Yes, in April of 2011, Solar Trust was offered a $2.1 billion conditional loan guarantee from the DOE for a 1,000-megawatt concentrated solar power plant. But in August of 2011, Solar Trust said it would convert the solar thermal power plant it had been planning in Blythe, California into a plant constructed from photovoltaic (PV) panels. Blythe is about 200 miles west of Los Angeles. The shift came because of "improved market conditions" for building power plants with PV modules. Solar panel prices were dropping then and they are dropping now, leveling out at sub-$1.0...

Full article: http://www.greentechmedia.com/articles/read/No-DOE-Fundin...

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