Tessera offloads Calico as NTR stalls

London Tessera Solar has unexpectedly sold its showpiece Calico project in the Mojave Desert to K Road Power. The sale underscores the financial difficulties of Tessera's Dublin-based parent company, NTR. The deal is a surprising twist for the 663.5MW project, which received final approval from the California Energy Commission only two months ago. It was intended to launch Tessera as a heavy-hitting concentrating solar power (CSP) developer.

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