Lightsource bp has closed on a $327 million financing bundle and began development on the 313 MW DC Driver Solar challenge, situated close to Osceola in Mississippi County, Ark.
Lightsource bp accomplished growth, permitted and financed the challenge and can assemble the ability below a build-transfer settlement with Entergy Arkansas. Upon completion, Driver Solar would be the largest solar farm in Entergy Arkansas’ portfolio, in addition to the most important in Arkansas.
Construction has began, with business operation anticipated by late 2024. Moss Construction was chosen by Lightsource bp as their EPC contractor for the challenge and can set up greater than 650,000 solar panels manufactured by Arizona-based First Solar and solar trackers from New Mexico-based Array Technologies.
Debt for the Driver Solar challenge was offered by HSBC Bank, BNP Paribas, Societe Generale and Sumitomo Mitsui Banking Corp., with the stability of fairness necessities supported by Lightsource bp.
Once constructed, possession of the challenge will switch to Entergy Arkansas below the build-transfer settlement.
“One of our key commitments to customers is to help them find economic solutions to meet their sustainability goals,” says Laura Landreaux, president and CEO of Entergy Arkansas. “Driver Solar plays a big role in providing savings to all customers and supporting businesses like U. S. Steel as they continue to advance their own clean energy future. These partnerships are helping to drive incredible growth in our state and will benefit our communities for decades to come.”