Lightsource BP has bought roughly $100 million in solar monitoring gear from Array Technologies.
The funding is the primary section within the development of over 1.5 GW of large-scale solar tasks within the U.S. This represents a serious portion of Lightsource BP’s projected construct program within the U.S. over the subsequent few years.
Lightsource BP financed the gear buy with a mortgage underwritten by CoBank ACB. CoBank’s clients embrace agribusiness, power, water and telecommunications.
“We’re pleased that we will have certainty of equipment supply as well as cost savings for our solar projects located across the country,” says Kevin Smith, CEO of Lightsource BP. “Lightsource BP is well positioned to execute its ambitious plan to deliver more than 4 gigawatts in the U.S. by 2023.”
Since Lightsource BP introduced its growth into North America in late 2017, the group has applied nearly 6 GW of solar tasks throughout the U.S., together with 540 MW of power buy agreements in 2019 and 366 MW of tasks in development.
This settlement comes after a current collaboration between Lightsource BP and Array Technologies on a 200 MW project in Australia.
Photo: Array Technologies solar tracker