BrightSource Eyes 500-MW Solar Trust Plant In Ch. 11 Auction

Law360, New York (June 11, 2012, 5:19 PM EDT) -- BrightSource Energy Inc. said Friday that it is pursuing a 500-megawatt project from the bankrupt Solar Trust of America LLC, the first major move for the company since it abruptly backpedaled on a planned initial public offering in April.

Solar Trust asked a Delaware bankruptcy court to schedule a June 15 hearing to approve BrightSource as the stalking-horse bidder for its Palen Project, a yet-unbuilt solar-thermal facility that will be located near Desert Center, Calif. The court last month gave Solar Trust the green light to...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.