Bechtel Receives Full Notice to Proceed for Ivanpah Project

11 May 2011 FREDERICK, MD

BrightSource Energy has issued a Full Notice to Proceed to Bechtel for the Ivanpah Solar Electric Generating Facility Project in Southern California after successfully achieving financial close for the project. This milestone culminates a four year effort by BrightSource to permit and fully fund the project, which is now financed with a combination of U.S. Department of Energy loans totaling $1.6 billion, and major equity investments in the project of $300 million from NRG Solar and $168 million from Google. Bechtel started engineering design for the project in August 2009 and mobilized to the field under a Limited Notice to Proceed in October 2010 when permits were received. Completion of the three solar plants totaling 392 megawatts is scheduled for 2013. 

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Bechtel is a trusted engineering, construction and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs, grown economies, improved the resiliency of the world's infrastructure, increased access to energy, resources, and vital services, and made the world a safer, cleaner place.  

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