Ivanpah Project Receives BLM Approval


BrightSource Energy Inc. says that the U.S. Bureau of Land Management (BLM) has issued its Record of Decision (ROD) for the company's 392 MW Ivanpah Solar Electric Generating System. With the BLM decision, the Ivanpah project now has all of the necessary permits to commence construction.

The Invanpah project received California Energy Commission approval in September. In February 2010, BrightSource received a conditional commitment from the U.S. Department of Energy for $1.37 billion in loan guarantees to support the financing of the Ivanpah project.

SOURCE: BrightSource Energy Inc.

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