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Showing posts with the label AES Solar

Tessera Solar Trading Public Land and Money

Tessera Solar LLC recently sold its rights to build the Imperial Valley Solar project on over 10 square miles of pristine desert to AES Solar.   Tessera Solar received approval by the Federal government last year to build the solar facility on the vast tract of public land that also contains threatened species and hundreds of sites of cultural significance to the Quechan Tribe, but Tessera did not have the money to build the project.  The Quechan tribe filed a lawsuit against the Federal government for approving the project without understanding the cultural resources that would be destroyed, and a judge ruled in December that the government likely failed to properly consult with the tribe, ordering a halt to any construction plans.  AES Solar will not be able to build on the site until the case is resolved, which could take years.

Tessera Solar also sold its Calico Solar power project rights to K Road Power in December.  In some ways, Tessera Solar's dealings resemble the mortgag…