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In November 2018, Lightsource BP signed a Power Purchase Agreement (PPA) with the Sacramento Municipal Utilities Division (SMUD), one of the largest publicly owned utility companies in the United States. Under the agreement, Lightsource will finance, build, and operate a 16 megawatt solar farm within SMUD’s service territory in Sacramento County, California. SMUD will purchase all the electricity under the 25-year PPA.
The solar farm, called Wildflower Solar 1, supports SMUD’s renewable energy and carbon reduction goals. It will generate enough clean, affordable energy to cover the equivalent annual electricity needs of 2,624 homes in northern California.
The project will support SMUD’s community solar program, as well as meet growing consumer demand for clean energy and locally sited solar.