Articles from Lightsource bp

Lightsource bp has completed the 187-megawatt Peacock Solar project, a solar farm located in San Patricio County, TX, that will provide power directly to Gulf Coast Growth Ventures' nearby manufacturing complex.

Indiana is harvesting benefits from 188 megawatts of new clean energy generation, as Lightsource bp’s Honeysuckle solar project in St. Joseph County enters commercial operation. Supporting our nation’s made-in-America supply chain while leveraging 85% local labor, the privately funded solar farm demonstrates the tangible benefits of investing in home-grown renewable energy.

Lightsource bp has successfully closed on a $348 million financing package, which will support the construction and operation of a 288-megawatt (MWdc) portfolio comprised of two utility-scale solar projects in Texas:

Lightsource bp and Conway Corp today celebrated the successful completion of the 135-megawatt Conway Solar at Happy project in White County, Arkansas. The occasion marks a significant milestone in the partnership’s shared vision of advancing Arkansas's energy security and independence, while creating tangible benefits for the local community and environment.

Lightsource bp has signed an innovative collective virtual power purchase agreement (CVPPA) with The Fashion Pact, the largest CEO-led initiative for sustainability in the fashion and textile industry.

Lightsource bp has entered into a solar power purchase agreement (PPA) with Microsoft in Poland – the first PPA for both companies in the country.

Lightsource bp has successfully closed on a $460 million multi-project financing package, which will support the construction and operation of a 368 megawatt (MW) portfolio comprised of two utility-scale solar projects in the United States. Power purchase agreements with prominent renewable energy buyers were key to achieving this milestone.

Lightsource bp has announced commercial operation of its 152.5 megawatt ac / 173 megawatt dc Bellflower Solar project, located about 40 miles east of Indianapolis in Henry and Rush Counties. Lightsource bp developed, financed and will own and operate Bellflower Solar, and has entered into a virtual power purchase agreement with Verizon with respect to the energy generated by Bellflower Solar. The solar farm is expected to offset the equivalent of 202,000 metric tons of carbon dioxide emissions each year1, improving air quality while furthering Verizon’s goal of being carbon neutral in its operations (scope 1 and 2) by 2035.

Global solar leader Lightsource bp and AEP Energy Partners (AEPEP), a subsidiary of American Electric Power (Nasdaq: AEP) and one of the largest wholesale energy suppliers in the country, have signed a power purchase agreement (PPA) for a 188 megawatt (dc) solar project located in New Carlisle about 10 miles west of South Bend, Indiana.

McDonald’s Corporation and Lightsource bp today announced a power purchase agreement for a 145 MWac / 180 MWdc solar project located in St. Landry Parish, La. The Prairie Ronde Solar project will generate an expected average of approximately 327,000 megawatt-hours (MWh) of renewable energy annually, equivalent to the average annual electricity consumption of 30,700 US homes once complete. The deal helps advances McDonald’s commitment to climate action and its sustainability goals, while expanding Lightsource bp’s footprint of solar assets across the Southeast.

Lightsource bp has successfully closed on a $267 million tax equity investment from Fortune 500 Wells Fargo & Company (NYSEWFC), a leading financial services company with approximately $1.9 trillion in assets. The tax equity investment by Wells Fargo is in addition to Lightsource bp’s sponsor equity investment and complements the debt financing package which originally closed in December 2021.

Lightsource bp has successfully closed on a $533 million multi-project financing package and will soon mobilize construction on its 135 megawatt (dc) Conway Solar project located near Happy, Arkansas, approximately 55 miles northeast of Little Rock. Lightsource bp will build, own and operate the facility and deliver the clean, renewable energy it generates to Conway Corp under a long-term power purchase agreement for their customers in the City of Conway. The solar farm will generate enough electricity to power more than 21,400 homes, and will also play a role in reducing the city’s carbon footprint by the equivalent of CO2 emissions from 35,400 fuel burning cars annually.

Lightsource bp has successfully closed on a $533 million multi-project financing package and mobilized construction on its 345 megawatt (dc) Ventress Solar project located 30 miles northwest of Baton Rouge in Pointe Coupee Parish. Lightsource bp will build, own and operate the facility and sell the clean, renewable energy it generates to McDonald’s Corporation and eBay Inc. under long-term power purchase agreements.

Lightsource bp has successfully closed on a $376 million multi-project financing package and mobilized construction on its 293 megawatt (dc) Sun Mountain solar project located in Pueblo, Colorado. Lightsource bp will build, own and operate the facility and deliver the solar energy it generates to Xcel Energy under a long-term power purchase agreement. The project is Lightsource bp’s second in the city, representing cumulatively almost 600 megawatts of renewable energy infrastructure to support Colorado’s clean energy future, the equivalent of taking more than 175,000 cars off the road each year.

Lightsource bp has successfully closed on a $376 million multi-project financing package and mobilized construction on its 173 megawatt (dc) Bellflower Solar project, located about 40 miles east of Indianapolis in Henry and Rush Counties. A power purchase agreement with Verizon Communications Inc. announced in early 2021 was key to achieving this project milestone.

Lightsource bp has successfully closed on a $100 million financing package for its 130 megawatt (MWdc) Black Bear Solar energy project in Montgomery County, Alabama. When complete, Black Bear will meaningfully contribute to Alabama’s cumulative utility-scale solar capacity.

Xcel Energy and Lightsource bp today announced the development of a new 298-megawatt solar farm in Pueblo, Colorado. The project is Lightsource bp’s second in the city with power sales to Xcel, representing a cumulative half billion-dollar private investment in Colorado’s clean power infrastructure.

McDonald’s Corporation and eBay Inc. today announced agreements with Lightsource bp to purchase power from what will be Louisiana’s largest solar project, located 30 miles northwest of Baton Rouge in Pointe Coupee Parish. The 345 megawatt Ventress Solar project will help McDonald’s and eBay meet their sustainability goals and advance their commitment to climate action, while growing Lightsource bp’s expanding footprint of solar assets across the Southeast. Once complete, the project will generate over 600,000 megawatt-hours (MWh) of clean energy annually, equivalent to the average annual consumption of 59,000 US homes.

Lightsource bp has executed a power purchase agreement with Amazon for a new 375 megawatt (MWdc) solar project under development in Ohio, as part of Amazon’s long-term commitment to power its global infrastructure with renewable energy. Once complete, the solar facility is expected to deliver nearly 600,000 megawatt hours (MWh) annually of additional renewable energy for Amazon operations locally – equivalent to the annual electricity consumption of about 55,000 U.S. homes.