Lightsource BP Secures $380 Million Financing, Starts Construction in Texas

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Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Bp Plc	LSE:BP.	London	Ordinary Share	GB0007980591	$0.25

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Lightsource BP Secures $380 Million Financing, Starts Construction in Texas

26/01/2021 4:26pm

Dow Jones News

Bp (LSE:BP.)
Historical Stock Chart

From Jun 2019 to Jun 2024

By Adriano Marchese

Lightsource BP said Tuesday that it has completed a $380 million financing package and has begun construction on two solar projects in Texas.

The developer and manager of solar energy projects --which is 50% owned by oil major BP PLC-- said that it has mobilized construction on its 163 megawatt Elm Branch and 153 megawatt Briar Creek solar projects, located near Dallas, Texas.

"This transaction is a demonstration of the low risk and stable yield opportunities that renewable energy projects offer to investors, the quality and bankability of our developed assets, and the confidence that top tier investors have in Lightsource bp," the company's Chief Executive of the Americas Kevin Smith said.

Write to Adriano Marchese at adriano.marchese@wsj.com

(END) Dow Jones Newswires

January 26, 2021 11:11 ET (16:11 GMT)