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BrightSource Gets $1.6B Solar Plant Loan
BrightSource Energy has secured $1.6 billion of financing for its Ivanpah solar plant in the California desert.
BrightSource Energyhas secured $1.6 billion of financing for its Ivanpah solar plant in the California desert,The Wall Street Journalreports. The U.S. solar power plant builder has obtained the loan guarantee from the U.S. energy department.
NRG Energyis planning to invest $300 million in the project which has received an investment worth $168 million fromGoogle.The project,whose construction has already begun, will be completed in 2013.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.