The Old Main building at Penn State University. Source: Cole Complese, Flickr
Lightsource BP has started construction of a 70MW trio of Pennsylvanian solar projects that will provide power to Penn State University.
The power from the three farms will be supplied to the university for a 25-year period. It is estimated to cover 25% of the institution's current power needs.
More than 150,000 solar panels will be installed across three locations in Franklin County, a 20-mile distance from Penn State’s Mont Alto campus.
A spokesperson told PV Tech in late August that the sites will be live by the summer of 2020.
Lightsource BP wants the project to serve as a “national blueprint" for how to maximise the sustainability benefits of solar farming, according to a statement. It plans to intersperse native vegetation between the panels to entice pollinators and help the land recover from prior farming uses.
The London-headquarted firm claims to have a portfolio of 2GW of operational solar projects worldwide and is intent on growing that number. In May this year, the firm secured a multi-million debt financing from a Canadian institutional financier to develop a 700MW global pipeline. In July, it scooped up 1.9GW in Brazil from developer Enerlife. It is also working with EverSource to co-finance new Indian utility-scale renewables.
US solar prospects amid PPA uptake and a changing policy landscape will take centre stage at Solar Media's Solar & Storage Finance USA, to be held in New York on 29-30 October 2019
The USA solar pipeline hit 9.8 GW in August 2019, according to market analysts, Wood Mackenzie so what does this mean for the solar sector moving forward? Are module shipments constrained? Have manufacturers raised prices for late-comers? What impact will this have on 2020 projects and what can we expect for the ITC negotiations? These questions and more will be discussed in this informative, free webinar. - With almost 10 GW of solar pipeline, how is this affecting the supply chain and cost for panels? - How likely is it that the ITC will be renewed, what trends are emerging in terms of beating the step down? - How helpful are emerging trends and technologies (e.g. bifacial panels, floating solar, data aggregation and management) in helping to beat the ITC step down? - Trade wars: what impact did section 201 have on the market, and what could we expect moving forward This webinar acts as a primer for the Solar & Storage Finance Summit which takes place on 29 & 30 October in New York City.
Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability.
Now in its sixth successful year, Solar & Storage Finance USA is the only event which looks at raising capital for solar, storage and collocated solar and storage projects in the USA. The conference will help delegates understand how providers are evolving propositions for storage and how they can access capital for standalone solar or storage, and co-located projects. Meet debt providers, funders, utilities, corporate off takers and blue chip energy firms with capital to invest and developers with credible pipelines.