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BrightSource Energy Solar Thermal Developer Offered $1.4 Billion in Loan Guarantees

BrightSource Energy, Inc., developer of utility-scale solar thermal power plants, announced this week that the U.S. Department of Energy has conditionally committed to provide $1.37 billion in loan guarantees to support the financing of BrightSource’s Ivanpah Solar Electric Generating System.

The commitment to provide loan guarantees marks a key milestone in the development of the Ivanpah project, California’s [...]

Draft Environmental Study Available for Proposed Solar Thermal Plants on Public Land

The Bureau of Land Management (BLM) recently released for public comment a Draft Environmental Impact Statement (DEIS) and the California Energy Commission (CEC) released a Final Staff Assessment (FSA) for the Ivanpah Solar Electric Generation Project on public land in San Bernardino County, California.

The joint DEIS/FSA is now open to public comment through February 11, 2010.  [...]

Solar Energy Projects being Fast Tracked to Meet Federal Funding Deadline

With the December 2010 deadline for obtaining incentive funding under the American Recovery and Reinvestment Act only a year off, Bureau of Land Management (BLM) Director Bob Abbey today reaffirmed the agency’s commitment to helping the nation reach its “green energy future” by guaranteeing full environmental analysis and public review for the 31 renewable energy [...]

Nevada Site Now Could Provide Up to 960 Megawatts of Clean Solar Thermal Energy

(LAS VEGAS) September 22, 2009 – BrightSource Energy, Inc., developer of large-scale solar thermal power plants, announced today that it has reached a preliminary agreement with Nevada’s Coyote Springs Land Company™ to provide the sites for up to 960 megawatts of clean and reliable solar thermal energy to the California and Nevada markets. The agreement [...]

BrightSource Energy Selects Bechtel to Build a 440 Mwatt Thermal Solar Generation Plant

BrightSource

(Oakland, CA) September 9, 2009 – BrightSource Energy, Inc., developer of large-scale solar thermal energy plants, announced today that it has selected Bechtel, the world’s premier engineering, construction and project management firm, as the engineering, procurement and construction (EPC) contractor for the Ivanpah Solar Electricity Generating System.

The two companies also announced that Bechtel Enterprises, [...]