Lightsource bp completes $380m financing for two Texas solar projects
That includes the 163MW Elm Branch and 153MW Briar Creek solar projects that are expected to offset greenhouse gas emissions by a total of 370,000 metric tons annually
Image: Lightsource bp
Lightsource bp has successfully closed on a financing package worth $380 million (£277m) for two solar power projects in Texas.
That includes the 163MW Elm Branch and 153MW Briar Creek solar projects that are expected to offset greenhouse gas emissions by a total of 370,000 metric tons annually.
Lightsource bp has signed a virtual power purchase agreement (VPPA) with L3Harris for up to 100MW of capacity from Elm Branch and a proxy generation PPA with the Capital Solutions unit of Allianz Global Corporate & Speciality for power generated by Briar Creek.