The sale is a surprising twist for the 663.5MW Calico project, which received its final approval from the California Energy Commission only weeks ago, and was intended to launch Tessera into the stratosphere of heavy-hitting concentrating solar power developers.

However, Tessera’s ambitions took a severe knock last week when Southern California Edison informed the firm it had canceled its power purchase agreement (PPA) with the $3bn Calico project, offering no other details.

The