BIG SUN GETS BANK BACKING

Bankrupt Developer Solar Trust Of America Receives New Loans

27 April 2012 (Solar Industry)

“Solar Trust of America LLC, which filed for bankruptcy earlier this month, has been approved to receive financing from Mason Capital Management LLC. The funding includes $25 million in working capital loans and $18.3 million in letters of credit, according to a bankruptcy court order…”

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“Solar Trust of America…is building the 1 GW Blythe solar plant in California. As the company's bankruptcy case proceeds, the fate of the Blythe project remains uncertain. NextEra Energy has been repeatedly named as a potential buyer, but the company has yet to submit a bid…With the new round of loans from Mason Capital, Solar Trust of America is now expected to receive a longer window for selling…”