Alstom invests a further US$75m in BrightSource Energy

Facebook
Twitter
LinkedIn
Reddit
Email

Alstom will invest a further US$75 million in BrightSource Energy, adding to its original commitment of US$55 million in May 2010. The companies signed a partnership agreement in August 2010 to provide fully integrated solar thermal power plants around the world.

Partnering in countries such as the Mediterranean ring and Africa, Alstom and BrightSource will work together where solar conditions best suit the companies’ technology.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Philippe Joubert, Alstom Power president said, “With this new investment, we continue to build our partnership with BrightSource Energy to provide highly efficient solar thermal power plants that will bring customers cost-efficient and reliable carbon-free power. This further reinforces our commitment to the solar thermal market, in line with Alstom's clean power strategy to provide leading solutions spanning hydro, geothermal, wind, biomass, waste-to-energy and tidal”.

“Alstom's additional investment in BrightSource Energy further demonstrates the strength of our partnership. We look forward to continue developing our solar thermal power offering globally and to meeting the world's growing demand for reliable, carbon-free energy,” said John M. Woolard, CEO and president of BrightSource Energy.

BrightSource recently began construction of its 392MW-gross Ivanpah Solar Electric Generating System (ISEGS), currently under development in San Bernardino County, California. Once complete, the Ivanpah project will be the largest of its kind.

Read Next

July 14, 2025
ACWA Power has signed power purchase agreements (PPAs) with Saudi Power Procurement Company (SPPC) for five solar PV projects in the country.
July 14, 2025
Elements Green has secured €80 million (US$93.5 million) in financing from Danish investment firm Copenhagen Infrastructure Partners (CIP).
July 14, 2025
Solar and storage developer MN8 Energy has raised US$575 million to refinance three PV projects in North Carolina, Kentucky and Illinois.
July 14, 2025
OpenSolar has launched a new model to help US rooftop solar installers reduce costs and thrive despite the loss of the 30% IRA tax credit.
July 14, 2025
Analyst Wood Mackenzie has forecast that solar PV and wind installations in the US will be 100GW lower than expected between 2025 and 2030 with the removal of Inflation Reduction Act (IRA) incentives.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK