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
