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In March 2020, Lightsource bp announced that we had successfully closed on a $250 million financing package for our Impact Solar project located in Lamar County, Texas, 120 miles northeast of Dallas. The senior debt facility for the project was provided by HSBC Bank USA, N.A. (HSBC) and National Westminster Bank PLC (NatWest). Tax equity financing was secured from Bank of America.
The majority of the energy generated by the 260 MW project will be traded through a long-term agreement with bp.
Construction of the project is underway, with commercial operation expected by the end of 2020. Construction is being undertaken by Swinerton Renewable Energy, who is building commercial facilities and renewable energy projects across the US and has a long and successful track record of building projects in Texas.
Image below is of 260MW Impact Solar project in Texas currently under construction