Lightsource BP developing 288-MW Texas solar portfolio

Lightsource bp developing 288-MW Texas solar portfolio

Lightsource BP is at current making a 288-MWDC photograph voltaic portfolio of two utility-scale duties in Texas. Constructing on the Starr Picture voltaic problem (163 MW) in Starr County and Second Division Picture voltaic (125 MW) in Brazoria County is being financially supported by the newest $348 million funding. The duties, anticipated to return on-line in 2024, will create a combined 400 jobs all through improvement.

“This deal is a vital milestone within the route of establishing out our rising portfolio of photograph voltaic and storage duties all through the USA, extending our relationship with a number of top-tier financing counterparties, each of whom have partnered with Lightsource bp on earlier transactions,” talked about Emilie Wasserman, head of USA, COO (interim), Lightsource bp. “It’s moreover our first transaction to revenue from the transferability provisions of the Inflation Low cost Act of 2022 to monetize the duties’ funding tax credit score.”

Lightsource BP at current operates three photograph voltaic duties in Texas: the 260-MW Have an effect on, 163-MW Elm Division, and 153-MW Briar Creek Picture voltaic duties.

Three years previous, all through winter storm Uri, the Have an effect on Picture voltaic problem (Lightsource BP’s solely commercially operational problem in Texas on the time) was working and producing adequate electrical vitality to vitality higher than 10,000 homes. In the midst of the summer season of 2023’s warmth waves, all three duties had been working, holding the lights on and air conditioners working for Texas households whereas serving to alleviate electrical vitality value spikes. In the midst of the newest January 2024 winter storm Heather, the duties operated at 99% availability.

Information merchandise from Lightsource BP


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