600MW of Solar in the Nevada Desert
BrightSource announced a huge deal today (and last month they announced an even bigger one for 1,300 MW with Southern California Edison) but before jumping up and down too much, lets take a wait and see approach to how this will unfold.
Remember, BrightSource is led by a man that I quote often for having said “this is an industry of billions and decades, not millions and years.” While it is enormous, and it is great news for solar, let us not forget how just over a week ago Optisolar sold its pipeline of deals to FirstSolar.
That said, BrightSource has a strong debt partner in Morgan Stanley and VC backing with very deep pockets (are any financial partners really that strong though?).
You can read their latest press release here.
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