BrightSource IPO Likely in 2011 – Reuters

Solar thermal developer BrightSource Energy is likely to complete an initial public offering in 2011, according to a Reuters story.

The story cites a person "close to the company"–but a company spokesperson would not comment. 

BrightSource has a $1.37 billion conditional loan guarantee from the U.S. Department of Energy to help build the 370 MW Ivanpah solar power plant on public land in California. 

However, the story suggests a smaller system being deployed at Chevron’s (NYSE: CVX) Coalinga oilfield will be more important in proving the viability of the technology before the IPO, because the Ivanpah plant won’t come on line until 2012. 

Read the full story at the link below.

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