Another developer, Solar Millennium, recently tried to sell its U.S. projects to a fellow German company, Solarhybrid.

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As solar panel prices have plunged, developers like Solar Millennium have abandoned solar thermal technology, which uses huge mirror arrays to heat water to create steam that drives an electricity-generating turbine.

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Solar Millennium filed for bankruptcy earlier this month while still struggling to close the deal, which involves three solar projects in California (two of which have won regulatory approval).

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While Solar Millennium will have the project work performed by its U.S.-based subsidiary, Solar Trust of America, STA is actually a joint venture between Solar Millennium and Ferrostall, another German solar developer.

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PK), Solar Millennium (Other OTC: SMLNF.

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