25 Dec '11, 8pm

Will California Lose Race for World's Largest Solar Plant as Solar Millennium Declares Bankruptcy?

Will California Lose Race for World's Largest Solar Plant as Solar Millennium Declares Bankruptcy?

Solar Millennium, the company that built Europe's first parabolic trough power plants, and which was involved also in the ginormous Sahara solar project, known as Desertec , has declared bankruptcy. Solar Millennium was also developing the Blythe Solar Power Project in the Mojave Desert in California, in a race with South Africa to become the first solar power plant with more than 1 Gigawatt product capacity. Investors are devastated and partners are scrambling to assess the impacts of the failure of Solar Millennium. The insolvency administrator's first task will be determining if Solar Millennium can continue business operations as the proceedings continue. Solar Millennium's parabolic solar power plants rely on solar thermal energy, using large arrays of curved mirrors to collect the sun's warmth, which produces steam to drive a generator. The so-called Concentrated Sol...

Full article: http://www.treehugger.com/renewable-energy/will-californi...

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