{"id":163618,"date":"2020-01-09T15:05:14","date_gmt":"2020-01-09T15:05:14","guid":{"rendered":"https:\/\/www.lightsourcebp.com\/news\/advancing-solar-energy-across-the-u-s\/"},"modified":"2023-07-19T14:21:34","modified_gmt":"2023-07-19T14:21:34","slug":"advancing-solar-energy-across-the-u-s","status":"publish","type":"post","link":"https:\/\/sandbox.lightsourcebp.com\/tt\/news\/advancing-solar-energy-across-the-u-s\/","title":{"rendered":"Advancing Solar Energy Across the U.S."},"content":{"rendered":"
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Advancing Solar Energy Across the U.S.<\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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Lightsource BP Secures Solar Tracking Equipment from Array Technologies for over 1.5 Gigawatts of Projects Across the U.S.<\/h2>\n

$100 million transaction supports Lightsource BP\u2019s construction plans in the U.S.<\/h4>\n

SAN FRANCISCO, California \u2013 Lightsource BP, a global solar leader, has announced the purchase of approximately $100 million in equipment from Array Technologies, an industry leader in reliable solar tracking solutions.<\/p>\n

The investment in single-axis solar tracking equipment was completed in December, and is the first phase in the construction of over 1.5 gigawatts of large-scale solar projects in the U.S. This represents a significant portion of Lightsource BP\u2019s projected build program in the U.S. over the next few years.<\/p>\n

This agreement comes after recent collaboration between Lightsource BP and Array Technologies on a milestone 200 megawatt project in Australia.<\/p>\n

“We\u2019re pleased that we will have certainty of equipment supply as well as cost savings for our solar projects located across the country,\u201d said Kevin Smith, Lightsource BP\u2019s CEO of the Americas. \u201cLightsource BP is well positioned to execute its ambitious plan to deliver more than 4 gigawatts in the U.S. by 2023.\u201d<\/p>\n

“We are delighted to be working with Lightsource BP to deliver on this robust pipeline of projects,” stated Jim Fusaro, CEO at Array Technologies. “This agreement demonstrates the quality and bankability of Array’s single-axis tracking system over a diverse set of developments. Collaborations, such as this, showcase the flexibility and adaptability of both our business and our products.”<\/p>\n

Lightsource BP, leveraging the strategic participation of BP as a 50% shareholder, is helping drive the global low-carbon energy transition with competitively priced, dependable, clean energy for businesses and communities. Since Lightsource BP announced its expansion into North America in late 2017, the team has driven exponential growth with a pipeline of almost 6 gigawatts of solar projects across the United States that includes 540 megawatts of announced power purchase agreements (PPAs) in 2019 and 366 megawatts of projects currently in construction in four states.<\/p>\n

Lightsource BP financed the equipment purchase with an equipment loan underwritten by CoBank, ACB – one of the largest private providers of credit to the U.S. rural economy with more than $135 billion in assets. CoBank’s customers include agribusiness, power, water and telecommunications.<\/p>\n\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n\n

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Related news <\/h3>\n <\/div>\n <\/div>\n
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19 Feb, 2025<\/p>\n \n

10 Power Purchase Agreements signed and 1.3GW contracted in 2024<\/h5>\n <\/a>\n

Lightsource bp achieved a significant milestone in 2024 by securing 10 power purchase agreements (PPAs) totalling 1.3GW across Europe, the Americas and APAC.<\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n

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24 Oct, 2024<\/p>\n \n

bp completes acquisition of Lightsource bp<\/h5>\n <\/a>\n

bp has completed its acquisition of the remaining 50.03% interest in Lightsource bp.<\/p>\n

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18 Apr, 2023<\/p>\n \n

Lightsource bp begins construction on Trinidad and Tobago\u2019s first utility-scale solar project<\/h5>\n <\/a>\n

Lightsource bp, has marked the beginning of construction of Trinidad and Tobago\u2019s first utility-scale solar project with a sod turning ceremony at Brechin Castle.<\/p>\n

Read Story <\/svg><\/span><\/a><\/p>\n<\/div>\n <\/div>\n <\/div>\n\n

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