Jerry Bloom, chair of Winston & Strawn's energy, project development, and finance practice group, was quoted in the May 4, 2012 Daily Journal article titled, "Once-Bright Hour for Solar now Darkened by Bankruptcy."
The article discussed the recent bankruptcy of Solar Trust, which holds the development rights for the world's largest solar power project, the Blythe Solar project. Now, Solar Trust faces some hurdles as they try to sell their projects as part of the Chapter 11 proceedings. Luckily, Solar Trust has bundled their assets, and according to Mr. Bloom, "when a developer wants to sell the project, it just sells the project development company, and all the related assets and permits can be transferred along with it to the new buyer."
Mr. Bloom focuses his practice on the development, finance and operation of domestic and international independent energy projects, electric-industry restructuring and privatization, mergers and acquisitions. He is active in the development of wind, biomass, small- and utility-scale photovoltaic and thermal solar facilities. |
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