Oakland, CA, April 3, 2012
- On April 2, 2012, voluntary petitions were filed in the United States Bankruptcy Court of the District of Delaware by Solar Trust of America, LLC and several affiliates. The Court has approved an interim funding facility to ensure an orderly and comprehensive sale of the assets of Solar Trust of America and its affiliates.
Contrary to inaccurate media reports, no taxpayer funds were loaned to Solar Trust of America. The company withdrew from the Department of Energy's Loan Guarantee Program in August 2011 foregoing any government funding for the Blythe Solar Power Project.
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