BrightSource
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.
In 2010 utility-scale solar developer BrightSource Energy, Inc. broke ground on what is expected to be the world's largest solar power plant.
Google, Inc. (Nasdaq:GOOG) has been one of the biggest corporate investors in clean energy. The internet-giant is a major energy user; so, reducing energy consumption is good for Google's profit margins, while eliminating its carbon footprint is great for its public image.
Google (NASDAQ:GOOG) is still planning on being a big player in the clean technology boom. So, the company is changing its investing tactics.





