Bankruptcy ends world’s largest solar power development

Blythe Solar Power groundbreaking. Credit:

The 1 GW Blythe Solar Power Project in California was supposed to be the biggest solar power plant ever. But builder Solar Trust filed bankruptcy recently parent corporation did the same in Germany. Solar Trust is also the recipient of a $2.1 billion loan, the second largest loan ever from the government. This could get political and nasty.

Other renewable energy news is equally depressing.

Green investment falls off a cliff in 2012 Q1. Financial uncertanties due to tax credits expiring are a primary reason.

Solar biggie Brightsource pulls their IPO, citing market conditions.