BrightSource Energy Inc.
BrightSource Energy, Inc. a utility-scale solar developer, has filed a US$250 million initial public offering (IPO).The California-based solar thermal developer has several intriguing qualities; however, these are saddled along with a few areas of concern.
BrightSource Energy, Inc. said Monday it has finalized U.S. federal government loan guarantees of $1.6 billion and has received a $168 million equity investment from Google Inc. (Nasdaq: GOOG) for its proposed 392-megawatt (MW) Ivanpah thermal solar power project under construction in California’s Mohave Desert.
Here are the Top 10 Renewable Energy News Stories You May Have Missed this Week:
1. U.S. Leadership Stumbles Again: Obama Says New Energy Policy Unfeasible - A day after his party endured a "shellacking" in midterm elections, U.S. President Barack Obama said passing new comprehensive energy policy was no longer a short-term possibility.