Lightsource bp gears to start building 135-MWp solar farm in Arkansas

Solar power plant. Image source: Lightsource bp.

January 13 (Renewables Now) - Lightsource bp, the UK-based solar developer half-owned by BP Plc (LON:BP) has obtained all needed funds for a 135-MW direct current (DC) solar project in Arkansas and is planning to start construction in March.

Debt for the Conway Solar scheme came from a USD-533-million (EUR 465.7m) multi-project financing package that also supports the installation of the 345-MW DC Ventress photovoltaic (PV) park in Louisiana. Lightsource said on Wednesday that the funding consortium included HSBC Bank USA, ING Capital LLC, Intesa Sanpaolo SpA, NatWest, Societe Generale, Standard and Chartered Bank. Lightsource bp provided the balance of equity requirements for both of the projects.

To be located near Happy, in Arkansas’ White County, the Conway park is expected to produce enough electricity to cover the consumption of over 21,400 homes per year and mitigate about 162,800 tonnes of carbon dioxide (CO2) emissions. The plant is due to be switched on in the middle of 2023. Its output will be used by residents of the City of Conway as part of a long-term power purchase agreement (PPA) with local utility Conway Corp.

Gibson Technical Services (GTS) has been hired as the project’s engineering, procurement and construction (EPC) contractor.

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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