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Google in Bechtel out as Brightsource solar project investor




Brightsource’s concentrated solar project gets financial boost from Google and theBrightsource Energy solar technology Department of Energy.  The company has a number of solar projects underway in California.  Brightsource technology consists of dual-mirror heliostats that follow the sun to increase energy production.  …

…   “Google stepped in as a new equity investor in the project, agreeing to provide $ 168 million.

And the project's construction contractor, Bechtel Corp., which was the first to commit equity in 2009, decided in the end to drop out as an equity investor.”   …

Via Nasdaq: Brightsource Project.

Brightsource CSP projects.

The three-plant Ivanpah Solar Complex will generate approximately 392 gross megawatts of electricity using the company's innovative, proprietary concentrating solar power CSP technology.

DOE Loan Guarantee for Brightsource in California.

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Posted by Green Tech on April 11, 2011 09:02 PM | |





Category: BrightSource-Energy



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