While
BrightSource
Energy
has
an
all-star
list
of
equity
investors,
the
largest
source
of
capital
for
its
flagship
Ivanpah
project
is
the
US
taxpayer..
The
Federal
Financing
Bank
(FFB),
an
arm
of
the
US
Treasury,
is
lending
the
developer
$1.6bn,
in
the
largest
renewable-energy
transaction
backed
by
the
Department
of
Energy
(DOE)
Loan
Guarantee
Program
(LGP).
In
essence,
one
arm
of
the
federal
government
is
guaranteeing
debt
issued
by
another
arm.
The
federal
debt
equals
about
73
%
of
total
project
costs,
according
to
the
DOE.
The
guarantee
for
Ivanpah
was
increased
from…
