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Lightsource BP has Reached a Final Agreement with Local Company

Lightsource BP has reached a full and finalised agreement with one of the many local energy companies in the area. They are going to work and develop over 757MWp of energy capacity. Lightsource BP has said that they have been able to close on a multi-project package and that they have started work on their work already. They are working 30 miles NW of Baton Rouge in Louisiana. Lightsource are going to work to try and build and then operate the facility. They are then going to sell the energy that they generate to McDonald's. Other companies they are going to work with include eBay, as they establish a long-term agreement. They have included the financing deal for the MW Conway project. This is around 55 miles NE of Little Rock. They are going to build and then operate the facility, delivering any energy to Conway Corp. This is under a long-term agreement for customers in Conway city. Construction on the plant is going to start in March but they are expected to resume full operation in 2023. This is very good news, to say the least because debt for the whole portfolio is going to be given by a group of arrangers. The balance equity requirements are going to be supported by Lighthouse BP too. Participants happen to include HSBC in the USA. You also have ING Capital, Natwest and the Standard Chartered Bank. You also have the New York Branch as well which is really exciting news for the entire project. Who knows what the future holds, but right now it would seem that there is a lot of work being put into making sure that everything goes to plan and that there is a lot of support there to ensure a smooth operation.

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