Lightsource bp Completes $380m Financing and Mobilizes Construction on 316 Megawatts of Solar in Texas
PRIVATEJan 26, 2021
Amount Raised
$380 Million
Round Type
Funding Round
MontgomerySustainabilityNatural Resources
Description
Lightsource bp has successfully closed on a $380 million financing package and mobilized construction on its Elm Branch and Briar Creek solar projects in Texas, both located about 40 miles south of Dallas. Tax equity financing for the projects was secured from Bank of America. The debt for the facilities was provided by the following mandated lead arrangers:
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Company Information
Company
Lightsource Bp
Location
Montgomery, Alabama, United States
About
Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 600 industry specialists, working across 15 countries. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of solar projects and power sales to our clients. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta, and Austin. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page.
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MontgomerySustainabilityNatural Resources