Shortly after Google announced its largest investment to date in BrightSource Energy’s gargantuan solar thermal project, the Californian company filed its first $250 million public offering on Earth Day.
Forbes calls this an initial test of the market’s appetite for utility-scale solar energy.
A handful of blue-chip investors have invested millions of dollars in BSE’s promise, and the company is in the red by nearly $2 billion. But BSE disclosed in its IPO that its success hinges on the 370MW Ivanpah Solar Energy Generating Station, the implementation of which is imperiled by the desert tortoise. Read about BrighSource going public »
http://www.greenprophet.com/2011/04/brightsource-earth-day-publi-debut/
