Breaking News

EDF Names Jean-Bernard Levy Interim Chairman, CEO
Tweet TWEET

BrightSource Gets $15 Million in Equity and Note Offering

BrightSource Energy Inc. (BRSE), the U.S. solar-thermal developer whose chief executive officer stepped down last month, raised $15 million in an equity and convertible promissory note offering with 44 unidentified investors.

It’s seeking to raise $35 million, according to a filing with the U.S. Securities and Exchange Commission today. Jared Blanton, a BrightSource spokesman, didn’t immediately reply to phone and e-mail messages seeking comment.

The company, based in Oakland, California, is backed by investors including venture-capital company VantagePoint Capital Partners, Morgan Stanley and Alstom SA, Europe’s second largest power-equipment company.

BrightSource CEO John Woolard announced his departure and a “transition to a new CEO” on the company’s blog June 6.

To contact the reporter on this story: Andrew Herndon in San Francisco at aherndon2@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.