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Court Approves NextEra Energy BrightSource Solar Sales

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A bankruptcy court on Wednesday approved the sale of two large, unbuilt California solar-power plants from Solar Trust of America to NextEra Energy Inc. and BrightSource Energy, Dow Jones DBR Small Cap reported today. NextEra Energy, which owns Florida Power & Light and a fleet of power plants and wind and solar farms, bid $50 million for a 1,000-megawatt solar power project called Blythe, according to court records and California documents. Solar Trust filed for chapter 11 protection in April, several months after its majority owner, Solar Millennium AG, filed for insolvency in Germany.