Lightsource BP Secures $380 Million Financing, Starts Construction in Texas
January 26 2021 - 11:26AM
Dow Jones News
By Adriano Marchese
Lightsource BP said Tuesday that it has completed a $380 million
financing package and has begun construction on two solar projects
in Texas.
The developer and manager of solar energy projects --which is
50% owned by oil major BP PLC-- said that it has mobilized
construction on its 163 megawatt Elm Branch and 153 megawatt Briar
Creek solar projects, located near Dallas, Texas.
"This transaction is a demonstration of the low risk and stable
yield opportunities that renewable energy projects offer to
investors, the quality and bankability of our developed assets, and
the confidence that top tier investors have in Lightsource bp," the
company's Chief Executive of the Americas Kevin Smith said.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
January 26, 2021 11:11 ET (16:11 GMT)
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