202422 Feb

Lightsource bp Completes $348M Financing Package for Two Utility-Scale Solar Projects

Summary

• NatWest, a leading UK-based financial services group with a growing multibillion U.S. Project Finance franchise and long-standing partner of Lightsource bp globally. Lloyds Bank is the UK’s largest financial services provider with more than 26 million customers and has a mandate to create a more sustainable and inclusive future for people and businesses, by shaping finance as a force for good. AIB recently announced an increase in its Climate Action Fund to €30 billion to help support customers like Lightsource bp in building the green infrastructure of the future. Once complete, the Starr and Second Division Solar projects will join Lightsource bp’s operational fleet, bringing additional diversification to the Texas electric grid, especially important during extreme weather conditions. • In the summer of 2023’s heatwaves, all three projects were operating, keeping the lights on and air conditioners running for Texas families while helping alleviate electricity price spikes.

Source: Finsmes

Funding

$348M
Amount
Feb 22 2024
Date
-
Investor
Lightsource
Company

Classifications

Companies