Lightsource BP to finance, develop 130MW PV project in Alabama

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Lightsource BP will finance, develop, build, own, and operate the solar facility and will deliver energy to AMEA under a 20-year power purchase agreement (PPA). Image: Lightsource BP

Alabama Municipal Electric Authority (AMEA) and Lightsource BP have signed off on a partnership to develop a 130MW PV project in  Montgomery County, Alabama.

Lightsource BP will finance, develop, build, own, and operate the solar facility and will deliver energy to AMEA under a 20-year power purchase agreement (PPA). The installation will be located 24km from AMEA’s headquarters in Montgomery, will supply clean energy to AMEA’s 11 associated utilities across the state and will generate enough electricity to power more than 20,000 homes.

Fred Clark, president & CEO of AMEA, said: “AMEA is excited to bring cost-effective, locally-sourced solar energy to our member communities. We evaluated solar projects across the Southeast and were fortunate to partner on a great project with Lightsource BP right here in our own backyard. We’re extremely pleased to bring this project to Montgomery County and to the state of Alabama.”

Once completed, the installation will be one of the largest in all of Alabama, with operations slated to begin in 2021. The site will feature over 350,000 solar panels once completed, and will be located across 323 hectares of land. Lightsource BP and project investors will invest approximately US$125 million into the solar facility. In addition, the installation will contribute over US$5 million in property tax revenue to county schools over the 35-year project life.

Montgomery County Commission Chair Elton Dean added: “I am grateful that another company is investing significantly in Montgomery. This project will provide considerable support to Montgomery County schools, dollars the school systems otherwise would not receive. This is a major economic development project for the rural part of our county and will bring in a strong corporate partner in Lightsource BP.”

Read Next

October 15, 2021
European renewables investment management firm Greencoat Capital has confirmed its entry to the US renewables market and is plotting to invest up to US$5 billion over the next five years.
September 21, 2021
A round-up of the latest news from the US PV sector, including project developments from Ørsted, Candela Renewables and CEP Renewables.
PV Tech Premium
September 13, 2021
Following the release of the US Department’s Solar Futures Study, Liam Stoker assesses the downstream and upstream trends that must be realised for US solar to fulfil its potential.
August 25, 2021
The US renewables sector has welcomed the House of Representatives’ approval of a budget resolution that provides the framework for a US$3.5 trillion spending package.
August 24, 2021
Energy advisory DNV has acquired the consulting arm of Chile-based energy price forecaster Antuko, taking aim at the Latin America and Iberia power markets.
August 19, 2021
It may be the height of summer but there’s no respite for the Solar Media Podcast, the new episode of which is packed full of insight as the US begins its clampdown on solar imports.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 19, 2021
BRISTOL, UK
Upcoming Webinars
November 10, 2021
8am (PST) | 5pm (CET)
Solar Media Events
December 1, 2021