Another Solyndra Looming? BrightSource Solar Cancels IPO
Fri, 04/13/2012 - 6:07am
Posted by eagleisland
Late Wednesday night, BrightSource Energy, a start-up formed to build solar thermal power plants, was forced to make a humbling admission: Despite a year of hopes and efforts, it could not find the market it wanted for its stock. The company canceled its initial public offering of shares just hours before trading was to begin.
According to the Wall Street Journal, BrightSource has received approximately $868 million in federal loans.
Boy, the US Government sure does know how to pick 'em.
For those amused by such things, here's BrightSource's CEO's list of recent political contributions from opensecrets.org
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHT SOURCE ENERGY/CEO 10/25/10 $4,000 Democratic Congressional Campaign Cmte (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHTSOURCE ENERGY, INC./CEO 9/3/10 $2,400 Reid, Harry (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHT SOURCE ENERGY/CEO 3/31/10 $2,400 Boxer, Barbara (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHT SOURCE ENERGY/CEO 3/31/10 $2,400 Boxer, Barbara (D)
WOOLARD, JOHN
OAKLAND,CA 94612 BRIGHTSOURCE ENERGY/CEO 10/1/10 $2,000 Bingaman, Jeff (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHT SOURCE ENERGY/PRESIDENT & CE 5/30/11 $1,500 Feinstein, Dianne (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHTSOURCE ENERGY/PRESIDENT 12/22/10 $1,500 Cantwell, Maria (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHTSOURCE ENERGY/PRESIDENT 3/18/11 $1,400 Cantwell, Maria (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHTSOURCE ENERGY/PRESIDENT 3/18/11 $1,000 Cantwell, Maria (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHTSOURCE ENERGY/CEO 12/31/11 $1,000 Cantwell, Maria (D)
WOOLARD, JOHN
OAKLAND,CA 94612 BRIGHT SOURCE ENERGY, INC./CEO 7/29/09 $1,000 Reid, Harry (D)
WOOLARD, JOHN
OAKLAND,CA 94612 BRIGHT SOURCE ENERGY, INC./CEO 8/20/09 $1,000 Reid, Harry (D)
Woolard, John
Oakland,CA 94610 Self-employed 10/16/08 $1,000 Obama, Barack (D)
Woolard, John
Oakland,CA 94610 Self-employed 10/24/08 $1,000 Obama, Barack (D)
WOOLARD, JOHN
OAKLAND,CA 94610 BRIGHT SOURCE ENERGY/CEO 12/8/11 $250 Chavez, Marty (D)