Lightsource BP has successfully closed on a $250 million financing package for its Impact Solar project located in Lamar County, Texas, 120 miles northeast of Dallas.
The energy generated by the 260-megawatt project will be traded through a long-term agreement with BP.
Dev Sanyal, incoming EVP Gas and Low Carbon Energy, BP, said, “This project demonstrates that the competitiveness of solar energy means that power offtake structures widely and historically used for conventional generation are now gaining traction for solar energy projects. We see an exciting future from the increase in competitive renewable energy in the U.S. power markets, and opportunities to integrate this with trading and customer capabilities.”
Lightsource BP and project investors will fund an estimated $250 million into the solar plant. The senior debt facility for the project was provided by HSBC Bank USA, N.A. (HSBC) and National Westminster Bank PLC (NatWest). HSBC, acting as the coo
