Lightsource bp is presently creating a 288-MWDC photo voltaic portfolio of two utility-scale tasks in Texas. Development on Starr Photo voltaic mission (163 MW) in Starr County and Second Division Photo voltaic (125 MW) in Brazoria County, is being financially supported by a latest $348 million funding. The tasks, anticipated to come back on-line in 2024, will create a mixed 400 jobs throughout development.
“This deal is a crucial milestone in the direction of constructing out our rising portfolio of photo voltaic and storage tasks throughout america, extending our relationship with a number of top-tier financing counterparties, every of whom have partnered with Lightsource bp on earlier transactions,” mentioned Emilie Wangerman,head of USA, COO (interim), Lightsource bp. “It’s additionally our first transaction to learn from the transferability provisions of the Inflation Discount Act of 2022 to monetize the tasks’ funding tax credit.”
Lightsource bp presently operates three photo voltaic tasks in Texas: the 260-MW Affect, 163-MW Elm Department and 153-MW Briar Creek Photo voltaic tasks.
Three years in the past, throughout winter storm Uri, the Affect Photo voltaic mission (Lightsource bp’s solely commercially operational mission in Texas on the time) was working and produced sufficient electrical energy to energy greater than 10,000 houses. Throughout summer time 2023’s heatwaves, all three tasks had been working, holding the lights on and air conditioners operating for Texas households whereas serving to alleviate electrical energy worth spikes. Throughout latest January 2024’s winter storm Heather, the tasks operated at 99% availability.
Information merchandise from Lightsource bp
