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The American campus is going solar

Long been at the forefront of change and progress, American campuses finally have a chance to be part of the rise of renewable energy – solar is now the cheapest new form of electricity in most states and increasingly competitive with conventional supply.

Across the country, universities are seeking out large-scale solar. The economic case for solar is clear – minimal operating expenses and long-term price stability allow campuses to hedge against rising utility rates.

Entering into a solar partnership with Lightsource BP gives faculty and students access to cutting edge educational resources, as well as facilitating economic prosperity and local job growth, and meeting the growing public demand for clean, sustainable energy.

Typical project structure

Lightsource BP is uniquely positioned to be a full-service, long-term solar partner. In a typical structure*, we develop, finance, build, own and operate the project and enter into a long-term power purchase agreement (PPA) with the buyer.

We make things simple: no up-front capital required, all aspects of project development, finance and construction performed by us, and lifecycle services provide to maximize power production. Our focus is on meeting our customers’ needs, via a variety of flexible contract structures: traditional PPAs, virtual PPAs, utility sleeve transactions and green tariff architecture intelligence.

Benefits:

  • No up-front capital costs
  • Electricity cost savings and long-term price certainty, with no maintenance costs
  • Meet sustainability targets and demonstrate climate leadership
  • Cutting-edge educational opportunities
  • Economic and environmental benefits to local community