BrightSource Energy acquires Palen Concentrated Solar Power project

BrightSource Energy Inc. has been confirmed as the winning bidder for the 484 MW Palen concentrating solar power (CSP) project during Solar Trust of America’s LLC’s (Oakland, California, U.S.) bankruptcy auction, held on June 21st, 2012.

BrightSource states that it will work closely with Solar Trust of America to satisfy customer closing conditions on the project. BrightSource also confirmed that it will use concentrating solar power tower technology on the site, which was originally slated for a parabolic trough CSP plant.

"We are pleased to have the opportunity to build a solar thermal power tower plant at the Palen solar site, and to deliver cost-effective and dispatchable clean power to our utility customers," reads a statement by BrightSource.

Solar Trust of America had asked a bankruptcy court to approve BrightSource as a stalking horse bidder in a June 8th, 2012 filing, however more information on this process was not available at press time. Solar Trust auctioned several other projects on June 21st, 2012, however details were not disclosed.

BrightSource Energy’s solar thermal technology provides utilities and industrial customers with reliable and cost-effective clean energy power at a scale that makes a difference.