Solar Trust Gets Green Light For $20M Asset Sale

Law360, Wilmington (June 27, 2012, 3:09 PM EDT) -- After resolving a contract dispute with a Chevron USA Inc. affiliate, Solar Trust of America LLC received a Delaware bankruptcy judge's blessing on Wednesday to sell two developmental solar projects in California to separate buyers for a combined $20 million.

At a hearing in Wilmington, U.S. Bankruptcy Judge Kevin Gross signed off on the sale of Solar Trust's Blythe project — envisioned to be the largest solar-thermal facility in the world at 1,000 megawatts — to NextEra Energy Resources LLC for $10 million. He also cleared...
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