Lightsource bp Completes $460 Million Financing for 368 MW Portfolio

Lightsource bp, a utility-scale solar developer and supervisor, has closed on a $460 million multi-project financing bundle to help the development and operation of a 368 MW portfolio comprising two utility-scale solar initiatives within the United States.

Power buy agreements with distinguished renewable energy patrons had been key to attaining this milestone, the corporate says.

Two initiatives, each scheduled to come back on-line in 2024, are included within the portfolio: Honeysuckle Solar in St. Joseph County, Ind. (188 MW), with a long-term power buy settlement with AEP Energy Partners (AEPEP), and Prairie Ronde Solar in St. Landry Parish, La. (180 MW), with a long-term power buy settlement with McDonald’s Corp.

“Both the Honeysuckle and Prairie Ronde solar projects provide exciting examples of the Inflation Reduction Act’s benefits in real action,” says Kevin Smith, CEO of the Americas, Lightsource bp. “With the right policies, we can boost made-in-America products, create jobs and reduce our nation’s foreign dependence.”

Nearly 800,000 solar panels manufactured by Arizona based mostly First Solar shall be put in throughout each initiatives, together with sensible solar trackers from New Mexico based mostly Array Technologies.

Construction of each solar farms is beneath approach, making a mixed 450 jobs, with a deal with recruiting from the native labor swimming pools. South Bend, Ind.-based Inovateus Solar LLC is the EPC contractor for Honeysuckle Solar. Florida-based LPL Solar is the EPC contractor for Prairie Ronde.

Over the final 4 years, the Lightsource bp crew has raised over $3.7 billion in financing for initiatives in 11 states throughout the U.S. with a rising record of financing companions.

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