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Energy Law

Feb. 24, 2010

BrightSource Wins Loan Guarantee

BrightSource Energy, Inc. landed a $1.37 billion loan guarantee from the Department of Energy Monday, the largest award so far in the Obama administration's program to boost the clean energy industry.

By Fiona Smith

Daily Journal Staff Writer

BrightSource Energy, Inc. landed a $1.37 billion loan guarantee from the Department of Energy Monday, the largest award so far in the Obama administration's program to boost the clean energy industry.

The Oakland-based solar power startup will use the financing to help build a 400 megawatt solar farm in the Mojave desert. The project will be the world's largest concentrated sol...

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