{"id":19558,"date":"2021-12-20T15:00:55","date_gmt":"2021-12-20T15:00:55","guid":{"rendered":"https:\/\/www.lightsourcebp.com\/news\/lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-alabama\/"},"modified":"2023-07-21T12:52:49","modified_gmt":"2023-07-21T12:52:49","slug":"lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-alabama","status":"publish","type":"post","link":"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-alabama\/","title":{"rendered":"Lightsource bp closes $100 million financing on one of the largest solar projects in Alabama"},"content":{"rendered":"<section class=\"block-page-title bg-color-white\">\n  <div class=\"pt-60 pt-lg-100\"><\/div>\n\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col-12\">\n                <h1 class=\"fg-color-gradient\">Lightsource bp closes $100 million financing on one of the largest solar projects in Alabama<\/h1>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <div class=\"pt-60 pt-lg-100\"><\/div>\n<\/section>\n  \n\n\n<section class=\"banner-single position-relative\">\n  <div class=\"container-fluid\">\n    <div class=\"row\">\n      <div class=\"col-12 px-0\">\n                <div class=\"position-relative w-100 h-100 aspect-ratio-banner object-fit-cover\">\n          <picture>\n                    <source srcset=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2022\/11\/29105516\/Lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-Alabama-450x188.jpg, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2022\/11\/29105516\/Lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-Alabama-1000x417.jpg 2x\"\n                          media=\"(max-width: 575px)\">\n                    <source srcset=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2022\/11\/29105516\/Lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-Alabama-1000x417.jpg, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2022\/11\/29105516\/Lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-Alabama.jpg 2x\"\n                          media=\"(min-width: 576px) and (max-width: 991px)\">\n                    <source srcset=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2022\/11\/29105516\/Lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-Alabama.jpg, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2022\/11\/29105516\/Lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-Alabama.jpg 2x\"\n                          media=\"(min-width: 992px)\">\n                    <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2022\/11\/29105516\/Lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-Alabama.jpg\" alt=\"\"\n                       srcset=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2022\/11\/29105516\/Lightsource-bp-closes-100-million-financing-on-one-of-the-largest-solar-projects-in-Alabama.jpg 2x\"\n                       sizes=\"auto, 100vw\"\n                       class=\"position-absolute w-100 h-100 left-0 top-0 object-fit-cover\"\n                       width=\"1920\"\n                       height=\"800\">\n                <\/picture>\n        <\/div>\n              <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n\n<section class=\"text align block_9e353c5682e52047c3f3d99d025956b1 block bg-color-white position-relative z-1 overflow-hidden\">\n    <div class=\"pt-60 pt-lg-100\"><\/div>\n\n  \n  <div class=\"container \">\n    <div class=\"row\">\n      <div class=\"col-12\">\n        <span class=\"rich-text standard-text fg-color-navy\">\n          <ul>\n<li>Black Bear solar project will generate enough electricity to power more than 20,000 homes<\/li>\n<li>The 130MW project will increase Alabama\u2019s total installed solar capacity by more than 20%<\/li>\n<li>Power sales contract with Alabama Municipal Electric Authority (AMEA) facilitated project financing<\/li>\n<\/ul>\n<p><strong>Montgomery, AL<\/strong>\u00a0<strong>\u2014<\/strong> Lightsource bp has successfully closed on a $100 million financing package for its 130 megawatt (MWdc) Black Bear Solar energy project in Montgomery County, Alabama. When complete, Black Bear will meaningfully contribute to Alabama\u2019s cumulative solar capacity.<\/p>\n<p>The tax equity investment for the project was secured from Minneapolis-based U.S. Bank. Debt for the project was provided by Banco Santander, one of the largest banks in the world by market capitalization, headquartered in Spain, and Sumitomo Mitsui Banking Corporation (SMBC), a top-tier global financial group headquartered in Tokyo. The balance of the equity requirements will be invested by Lightsource bp.<\/p>\n<p><strong>Kevin Smith, CEO of the Americas, Lightsource bp:<\/strong> <em>\u201cThis project demonstrates the positive impacts that result from partnerships with shared goals to reduce carbon emissions, deliver affordable electricity, create jobs and contribute to local communities. It\u2019s also a testament to the cost-effectiveness and bankability of solar energy that world-class lenders are supporting this project, and that AMEA has agreed to purchase the electricity on a long-term basis to the substantial benefit of its members.\u201d<\/em><\/p>\n<p>The power contract secured with Alabama Municipal Electric Authority (AMEA) played a critical role in enabling investment and financing of this new energy infrastructure for Alabama. AMEA, located in Montgomery, is the wholesale power provider for 11 public power utilities in Alabama, which serve some 350,000 customers in the cities of Alexander City, Dothan, Fairhope, Foley, LaFayette, Lanett, Luverne, Opelika, Piedmont, Sylacauga, and Tuskegee.<\/p>\n<p><strong>Fred Clark, President &amp; CEO, AMEA:<\/strong> <em>\u201cAMEA is excited about our partnership with Lightsource bp. This large scale solar project will help diversify AMEA\u2019s fuel resources, and will continue to provide low-cost electricity to our Members\u2019 customers.\u201d<\/em><\/p>\n<p>Situated 15 miles from AMEA\u2019s headquarters in Montgomery, Black Bear Solar will supply cost-effective, locally sourced, sustainable electricity to AMEA\u2019s 11 Member utilities located across the state. In addition to providing clean energy and bill savings to AMEA\u2019s Members and their customers, the project will contribute almost $7 million in property tax revenue to county schools over the first 35 years of the project life.<\/p>\n<h4>Resources<\/h4>\n<p>Black Bear Solar <a href=\"https:\/\/www.lightsourcebp.com\/us\/projects\/black-bear-solar\/\">project website<\/a><\/p>\n\n        <\/span>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <div class=\"pt-60 pt-lg-30\"><\/div>\n<\/section>\n\n\n<section class=\"multi-column-cards align block_dd2ed9af7e9c111e01ae2e857d59ccfe block bg-color-orange-3-percent\">\n  <div class=\"pt-60 pt-lg-100\"><\/div>\n\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col-12\">\n                <h3 class=\"mb-35\">Related news <\/h3>\n      <\/div>\n    <\/div>\n    <div class=\"row\">\n                        <div class=\"col-12 col-lg-4 mb-30\">\n  <div class=\"multi-column-cards__image-container h-300px h-lg-250px\">\n    <a href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-and-toyota-enter-into-a-power-contract-in-texas\/\" class=\"d-block w-100 h-100\">\n      <picture><source srcset=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-1200x743.jpg 1200w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-300x186.jpg 300w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-1024x634.jpg 1024w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-80x50.jpg 80w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-150x93.jpg 150w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-450x279.jpg 450w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-767x475.jpg 767w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-1000x619.jpg 1000w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-1600x991.jpg 1600w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-1920x1189.jpg 1920w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195.jpg 1940w\" sizes=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2026\/01\/13174706\/DJI_20250805160842_0097_D-1-1-scaled-aspect-ratio-315-195-1200x743.jpg\" alt=\"\" width=\"1200\" height=\"743\" class=\"w-100 h-100 object-fit-cover\"><\/picture>\n    <\/a>\n  <\/div>\n      <p class=\"mt-20 mb-10 font-size-paragraph-small\">13 Jan, 2026<\/p>\n    <a class=\"text-decoration-none text-decoration-sm-underline-hover\" href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-and-toyota-enter-into-a-power-contract-in-texas\/\">\n    <h5 class=\"mb-15 fg-color-navy\">Lightsource bp and Toyota enter into a power contract in Texas<\/h5>\n  <\/a>\n      <p class=\"mb-15 line-height-level-6\">Lightsource bp and Toyota Motor North America have finalized a virtual power purchase agreement for energy from the 231MW Jones City 2 solar farm in Texas.<\/p>\n    <p><a href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-and-toyota-enter-into-a-power-contract-in-texas\/\">Read Story <span class=\"ml-10\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"8\" height=\"14\" fill=\"none\"><path stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M1 13l6-6-6-6\"\/><\/svg><\/span><\/a><\/p>\n<\/div>\n                  <div class=\"col-12 col-lg-4 mb-30\">\n  <div class=\"multi-column-cards__image-container h-300px h-lg-250px\">\n    <a href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-and-pinnacle-financial-partners-announce-97-9m-tax-equity-deal-for-peacock-solar\/\" class=\"d-block w-100 h-100\">\n      <picture><source srcset=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14183109\/BPVC1093-Construction-Underway-At-Peacock-Solar-Farm-Texas_edit_m330646-1-aspect-ratio-315-195.png 703w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14183109\/BPVC1093-Construction-Underway-At-Peacock-Solar-Farm-Texas_edit_m330646-1-aspect-ratio-315-195-300x186.png 300w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14183109\/BPVC1093-Construction-Underway-At-Peacock-Solar-Farm-Texas_edit_m330646-1-aspect-ratio-315-195-80x50.png 80w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14183109\/BPVC1093-Construction-Underway-At-Peacock-Solar-Farm-Texas_edit_m330646-1-aspect-ratio-315-195-150x93.png 150w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14183109\/BPVC1093-Construction-Underway-At-Peacock-Solar-Farm-Texas_edit_m330646-1-aspect-ratio-315-195-450x279.png 450w\" sizes=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14183109\/BPVC1093-Construction-Underway-At-Peacock-Solar-Farm-Texas_edit_m330646-1-aspect-ratio-315-195.png\" alt=\"\" width=\"703\" height=\"436\" class=\"w-100 h-100 object-fit-cover\"><\/picture>\n    <\/a>\n  <\/div>\n      <p class=\"mt-20 mb-10 font-size-paragraph-small\">14 Oct, 2025<\/p>\n    <a class=\"text-decoration-none text-decoration-sm-underline-hover\" href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-and-pinnacle-financial-partners-announce-97-9m-tax-equity-deal-for-peacock-solar\/\">\n    <h5 class=\"mb-15 fg-color-navy\">Lightsource bp and Pinnacle Financial Partners announce $97.9M tax equity deal for Peacock Solar<\/h5>\n  <\/a>\n      <p class=\"mb-15 line-height-level-6\">\u00a0Lightsource bp and Pinnacle Financial Partners today announced the closing of a $97.9 million tax equity deal to finance the 187 MW Peacock Solar in San Patricio County, TX.<\/p>\n    <p><a href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-and-pinnacle-financial-partners-announce-97-9m-tax-equity-deal-for-peacock-solar\/\">Read Story <span class=\"ml-10\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"8\" height=\"14\" fill=\"none\"><path stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M1 13l6-6-6-6\"\/><\/svg><\/span><\/a><\/p>\n<\/div>\n                  <div class=\"col-12 col-lg-4 mb-30\">\n  <div class=\"multi-column-cards__image-container h-300px h-lg-250px\">\n    <a href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-wins-two-north-american-agrivoltaics-awards\/\" class=\"d-block w-100 h-100\">\n      <picture><source srcset=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1200x743.jpg 1200w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-300x186.jpg 300w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1024x634.jpg 1024w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-80x50.jpg 80w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-150x93.jpg 150w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-450x278.jpg 450w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-767x475.jpg 767w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1000x619.jpg 1000w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1600x990.jpg 1600w, https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195.jpg 1920w\" sizes=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.lightsourcebp.com\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1200x743.jpg\" alt=\"\" width=\"1200\" height=\"743\" class=\"w-100 h-100 object-fit-cover\"><\/picture>\n    <\/a>\n  <\/div>\n      <p class=\"mt-20 mb-10 font-size-paragraph-small\">15 Aug, 2025<\/p>\n    <a class=\"text-decoration-none text-decoration-sm-underline-hover\" href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-wins-two-north-american-agrivoltaics-awards\/\">\n    <h5 class=\"mb-15 fg-color-navy\">Lightsource bp wins two North American Agrivoltaics Awards<\/h5>\n  <\/a>\n      <p class=\"mb-15 line-height-level-6\">Lightsource bp proudly announces receipt of two North American Agrivoltaics Awards: Solar Ranch of the Year and Champion of the Year.<\/p>\n    <p><a href=\"https:\/\/sandbox.lightsourcebp.com\/us\/news\/lightsource-bp-wins-two-north-american-agrivoltaics-awards\/\">Read Story <span class=\"ml-10\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"8\" height=\"14\" fill=\"none\"><path stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M1 13l6-6-6-6\"\/><\/svg><\/span><\/a><\/p>\n<\/div>\n                  <\/div>\n  <\/div>\n\n  <div class=\"pt-60 pt-lg-100\"><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92],"tags":[],"filter_by":[553],"filter_tags":[795,796],"class_list":["post-19558","post","type-post","status-publish","format-standard","hentry","category-uncategorized-us","filter_by-press-releases-us","filter_tags-construction-milestones","filter_tags-financing"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/posts\/19558","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/comments?post=19558"}],"version-history":[{"count":10,"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/posts\/19558\/revisions"}],"predecessor-version":[{"id":299020,"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/posts\/19558\/revisions\/299020"}],"wp:attachment":[{"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/media?parent=19558"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/categories?post=19558"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/tags?post=19558"},{"taxonomy":"filter_by","embeddable":true,"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/filter_by?post=19558"},{"taxonomy":"filter_tags","embeddable":true,"href":"https:\/\/sandbox.lightsourcebp.com\/us\/wp-json\/wp\/v2\/filter_tags?post=19558"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}