Barclays and Lightsource bp have dedicated to a $140 million tax fairness transaction slated to finance building of the 180 MW Prairie Ronde photo voltaic mission in St. Landry Parish, La.
The deal was led by Barclays’ Sustainable Venture Finance group, working in partnership with the financial institution’s Vitality Transition Group, fashioned final month to advise shoppers as they discover power transition alternatives. Barclays acted as the only real exterior fairness investor on the deal.
Lightsource bp plans to construct, personal and function the photo voltaic farm, the place business operation is predicted to start later this 12 months. An influence buy settlement is in place with McDonald’s Company.
“As members of the St. Landry neighborhood, we look ahead to delivering inexpensive clear power whereas persevering with to develop our funding in Louisiana to assist energy the state’s low carbon, unbiased power future,” says Lightsource bp’s Emilie Wangerman.
“What’s actually thrilling is commitments like Barclays to sustainable and power transition financing are additionally serving to enhance native economies. The Prairie Ronde mission is predicted to supply greater than $20 million tax income to St. Landry Parish public providers corresponding to native college techniques over the lifetime of the mission.”
