Arizona's largest solar power plant will remain in operation despite its parent company's recent financial meltdown, a U.S. Department of Energy official said, the Associated Press reported yesterday. Abengoa, the Spanish company that owns Solana Generating Station near Gila Bend, is on the verge of liquidating assets in preparation for possible bankruptcy. Solana, which earns revenue by selling power to Arizona Public Service Co., was built thanks to a $1.5 billion loan from the U.S. The U.S. is still protected if Abengoa goes into bankruptcy, Energy Department spokesman Bart Jackson said. According to Jackson, the loan was made to Abengoa Yield Plc and Liberty, a company separate from the parent company. Abengoa S.A., however, is the largest investor in Abengoa Yield.
