BrightSource Ivanpah Project Gets Federal Nod

by Terrence Murray - October 7, 2010

The Interior Department’s U.S. Bureau of Land Management (BLM) has approved BrightSource Energy’s 392-megawatt Ivanpah solar thermal power plant in the Mojave Desert.

“With today�s BLM decision, the Ivanpah project now has all of the necessary permits to commence construction,” the solar developer said in a prepared statement.

With the clocks ticking on some key stimulus programs, like the very popular 1603 direct cash grants program, which are set to expire at the end of the year, state and federal regulators are greenlighting projects at a record pace. Earlier this week the BLM approved Tessera Solar�s 709 megawatts Imperial Valley project.

�Ivanpah is one of several renewable energy projects in the pipeline that will help California and this nation build a clean energy economy,� said Interior Secretary Ken Salazar in signing the Record of Decision.

�Today�s action by the BLM reflects utility-scale solar�s vital role in meeting our nation�s environmental and economic goals,� adds BrightSource CEO John Woolard.

Earlier this year BrightSource scored a Department of Energy commitment for a $1.37 billion loan guarantee. The company has also raised some $330 million from investors including VantagePoint Venture Partners, and Chevron Technology Ventures.

One Response to “BrightSource Ivanpah Project Gets Federal Nod”

  1. [...] with Southern California Edison and Pacific Gas and Electric. And earlier this month Ivanpah also secured state and federal regulatory approvals. The facility� is expected to be fully operational by [...]

Leave a Reply