Lightsource bp Completes USD 460 Mn Financing Package for 368 MW Solar Projects in Louisiana and Indiana
Lightsource bp has successfully closed on a $460 million multi-project financing package, which will support the construction and operation of a 368 megawatt (MW) portfolio comprised of two utility-scale solar projects in the United States.
June 02, 2023. By News Bureau
Power purchase agreements with prominent renewable energy buyers were key to achieving this milestone.
The 368MW portfolio includes the two projects, both scheduled to come online in 2024 -188MW Honeysuckle Solar in St. Joseph County, Indiana with a long-term power purchase agreement with AEP Energy Partners (AEPEP),180MW Prairie Ronde Solar in St. Landry Parish, Louisiana with a long-term power purchase agreement with McDonald’s Corporation.
Kevin Smith, CEO of the Americas, Lightsource bp: “By leveraging domestic content incentives offered in the Inflation Reduction Act, both the Honeysuckle and Prairie Ronde solar projects provide exciting examples of the IRA’s benefits in real action. 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 First Solar will be installed across both projects, along with smart solar trackers from New Mexico based Array Technologies.
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