Project Focus: NRG and BrightSource celebrate Ivanpah groundbreaking and US$300 million investment

Facebook
Twitter
LinkedIn
Reddit
Email

Nestled close to the Nevada border in Needles, California, NRG Energy was on hand with BrightSource Energy and California’s Governor Arnold Schwarzenegger to celebrate the groundbreaking of the Ivanpah Solar Electric Generating System facility in the Mojave Desert. NRG Solar had recently signed a letter of intent with BrightSource to construct, finance, own and operate the 392MW solar thermal project with a US$300 million investment over the next three years.

Construction has begun on the project and has a completion date set for mid-2013. So far, the project, which is lauded as the largest solar thermal project in the world, has a US$1.375 billion conditional commitment from the U.S. Department of Energy for a loan guarantee with all permits and approvals successfully gathered from federal and California state agencies.

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

“Solar power is a cornerstone of our strategy to produce and deliver clean, zero-emission products and services to America’s growing number of clean energy consumers,” said David Crane, president and CEO of NRG Energy. “The ambition and scale of Ivanpah, capitalizing on California’s natural solar resource and demand for renewable energy, shows how far we have come in scaling up solar generation and in deploying cutting-edge American technology, creating in the process thousands of American jobs.”

The electricity generated from the solar project is to be sold through numerous PPA’s, each between 20 and 25 years, with Southern California Edison and Pacific Gas and Electric.

Read Next

April 30, 2025
Cadmium telluride (CdTe) thin-film solar manufacturer First Solar has issued revised guidance to reflect the expected impact of the implementation of new tariffs set by Donald Trump’s administration.
April 30, 2025
QatarEnergy has inaugurated two solar projects with a capacity of 875MW, which will more than double Qatar’s installed solar capacity.
April 30, 2025
Almaden has announced plans to establish a wholly-owned subsidiary in the United Arab Emirates, via its existing subsidiary Almaden (MENA).
April 30, 2025
Stonepeak has acquired a 46.3% stake in Repsol’s 777MW solar and storage portfolio currently in operation in New Mexico and Texas.
April 30, 2025
Spanish energy utility giant Iberdrola has reported huge profits of over €2 billion in the first quarter of 2025.
April 30, 2025
Daqo New Energy has posted gross losses of US$81.5 million, and a gross margin of -65.8% in the first quarter of 2025.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
May 7, 2025
Munich, Germany
Solar Media Events
May 21, 2025
London, UK
Solar Media Events
June 17, 2025
Napa, USA
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK