Connect with us

Hi, what are you looking for?


Clean Power

BrightSource Probable Winner of 500-MW Solar Trust Project

BrightSource Energy — solar utility juggernaut — appears to have won the bidding on an auction for the 500-MW Palen solar project in California, which was being sold by Solar Trust of America LLC after the company filed for bankruptcy in April.

Sources suggest that BrightSource Energy was the winning bidder for the project, and that the company is now awaiting court approval for the deal. Since those early repots, Bloomberg News has said BrightSource had confirmed that it was the highest bidder.

Unsurprisingly, the financial details of the deal have not been disclosed.

Existing solar thermal system at Ivanpah, California

The Palen project was set to be be built in Southern California and planned to use solar thermal troughs to generate up to 500-MW of power. But Solar Trust has recently been looking to sell the rights for the project — as well as its plans for the 1-GW Blythe project in California and the 500-MW Amargosa Valley project — after one of its parent companies, German firm Solar Millennium, filed for insolvency.

This latest acquisition — if true — will boost the BrightSource reputation as one of the world’s leading solar thermal developers.



Source: Business Green
Image Source: BrightSource Energy

Appreciate CleanTechnica’s originality? Consider becoming a CleanTechnica Member, Supporter, Technician, or Ambassador — or a patron on Patreon.

Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Written By

I'm a Christian, a nerd, a geek, and I believe that we're pretty quickly directing planet-Earth into hell in a handbasket! I also write for Fantasy Book Review (, and can be found writing articles for a variety of other sites. Check me out at for more.


You May Also Like

Clean Transport

This is an interesting use of data for a state comparison. The U.S. Energy Information Administration has created a map showing what portion of...


As energy prices soar and gasoline approaches $8 per gallon in California, it may be cheaper than ever to switch to an EV!


“Buy low and sell high” may be the ultimate expression of how to be successful in business. It works, whether you are selling apples,...


The Los Angeles Auto Show announced in September that it would hold an inaugural awards program called THE ZEVAS this year. That stands for...

Copyright © 2021 CleanTechnica. The content produced by this site is for entertainment purposes only. Opinions and comments published on this site may not be sanctioned by and do not necessarily represent the views of CleanTechnica, its owners, sponsors, affiliates, or subsidiaries.