Deals
BrightSource Wins Bid for Solar Trust’s 500-Megawatt Project
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BrightSource Energy Inc., the U.S. solar-thermal developer, was the top bidder at an auction today in Delaware to buy an unbuilt California power plant proposed by the bankrupt Solar Trust of America LLC.
“BrightSource has been confirmed as the winning bidder for the Palen Solar Power Project,” the Oakland, California-based company said today in an e-mailed statement. “Once the court approves the sale and the conditions are satisfied, the acquisition will be complete.”