Tonopah Solar Energy LLC, owner of the first utility-scale thermal concentrated solar power plant in the US, won court approval to borrow $5 million from its parent to fund its bankruptcy case.
The owner of the Nevada-based Crescent Dunes solar energy project can borrow the funds as part of a larger $10 million financing package from Crescent Dunes Finance Inc., Judge J. Kate Stickles ruled at a Friday hearing in the US Bankruptcy Court for the District of Delaware.
The Tonopah, Nev. plant filed for Chapter 11 relief Wednesday for the second time since 2020. The filing comes after continued ...
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