Lightsource BP has acquired six solar power assets totalling 135MW of capacity in Pennsylvania and Maryland from Orion Renewable Energy Group.
The portfolio consists of projects in the liquid PJM power pool. PJM is a major wholesale electricity market serving multiple Eastern US states.
The announcement comes shortly after Pennsylvania Department of Environmental Protection (DEP) published a draft plan to expand solar in the state to 11GW in order to supply 10% of the state's electric retail sales by 2030.
"The acquisition of the largest solar development portfolio in Pennsylvania builds on our proven reputation as a global renewable energy leader," said Nick Boyle, CEO, Lightsource BP Group. “We are accelerating the development of solar with a strong focus on new and underserved markets, as it is an important component of a diverse fuel mix.”
Lightsource BP's first-announced US plans earlier this year were to build the largest solar farm in Kansas for the Mid-Kansas Electric Company.
Solar Media’s Energy Storage Summit Americas has arrived in Fort Lauderdale to provide a platform for this next step in renewable energy industry. The energy storage market and development brings as many challenges as it does advancements, with a myriad of technologies, capacities, functions, and lifespans. With most projects still in development and technologies with sparse track records, knowledge in this fledgling industry is invaluable. Investors, utilities, consumers, and all renewable energy participants have to not only understand the market, but be able comfortable enough to make the right investment in energy storage to not be left behind the curve. Our event is the platform for companies to bridge the gap between “future energy storage plans” and “installed energy storage”. Join us to discuss the latest news on standardization, comparing battery technologies, financing projects in different markets, resilient microgrids, and storage use for emergency response and aid, among many others. We will not only to educate and familiarize attendees on the capabilities and benefits of energy storage, but make the connections, and introductions, to accelerate energy storage development in North, Central, and South America.