Google invests in giant BrightSource solar project
BrightSource Energy said today it has secured financing for a utility-scale solar plant in the California desert, the first project of this type to be built in the U.S. in decades.
The Oakland, Calif.-based company said that it has finalized $1.6 billion in loans guaranteed from the U.S. Department of Energy for the Ivanpah Solar Electric Generating System, a facility which will have three concentrating solar thermal plants.
The company also said today Google will invest $168 million in equity into the project, joining BrightSource and NRG Solar, a division of utility NRG. The Ivanpah facility … Read more