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BrightSource Energy secures US$ 1.37 billion loan guarantee
09.03.2010: The Californian solar thermal power plant developer BrightSource Energy announced that the US Department of Energy committed to provide US$ 1.37 billion in loan guarantees to support the financing of BrightSource’s 400 MW Ivanpah CSP Project.
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| Thousands of heliostats will concentrate sunlight towards a central receiver tower at the Ivanpah facility.
Photo: BrightSource Energy
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Once completed, Ivanpah will nearly double the amount of solar thermal electricity produced in the United States today.
The Ivanpah Project contains three concentrating solar power plants. Each will use thousands of heliostats to concentrate solar radiation to a central tower, where steam is generated and piped to a conventional turbine.
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