RenewableEnergyWorld.com discovered late Tuesday night that SES had filed for Chapter seven bankruptcy and was going into liquidation.
SES had deployed a pilot project making use of its stirling engines in early 2010 with the 1.five-MW Maricopa Solar Plant in Arizona. But the corporation was finally incapable to compete with the value of PV and filed bankrupty paperwork with the U.S. Personal bankruptcy Court in Delaware last week.
In 2008, SES was slated to supply its dish-motor technology to a large 850-MW power plant in San Bernadino County, California. The venture developer Tessara Photo voltaic, even so, sold the undertaking &mdash recognized as Calico Solar &mdash to K Street Electricity Holdings in late Oct 2010 ideal right after it had acquired all required approvals from the California Energy Commission. K Street then introduced that 750 MW of the 850-MW challenge would be made employing PV in its place of CSP. K Road mentioned that it would even now use upcoming-generation SES dish-motor engineering for phase two of the project, which bundled the final a hundred MW.
Next that announcement, in December 2010, Southern California Edison terminated the PPA it had signed for Calico Photo voltaic. In early 2011, task builders reportedly sought a bank loan promise for the task, which had been scaled down to 663 MW, but had not however received one particular.
With no offtake agreement and not able to elevate the funds to produce the venture, it would seem unlikely that Calico Photo voltaic will be created. A supply accustomed with the job indicated that this and other CSP jobs would certainly not be accomplished mainly because the charge of the engineering is just far too large when in contrast with PV.