A rendered image Lightsource BP shared in February for one of the planned solar installations (Credit: Lightsource BP)
Lightsource BP is days away from launching construction works for a utility-scale solar pipeline it will deploy for a US university, set to go live next year.
Contacted by PV Tech today, the London-headquartered group confirmed it will break ground on a PV plant in Pennsylvania on 6 September, the first of a 70MW pipeline of three.
According to a spokesperson, Lightsource BP will fund, develop and run the trio meant to power Penn State University. All three will require US$75 million in investment, the spokesperson explained.
The firm confirmed 500 acres worth of panels will be rolled out across three sites in Pennsylvania’s Franklin County, a 20-mile distance from Penn State’s Mont Alto campus.
As Lightsource separately noted on its website, 134 of the total 500 acres of land has been rented from two Pennsylvanian lifelong farmers, under a 25-year contract.
The plan, the spokesperson explained to PV Tech, is to intersperse native vegetation between the panels to draw pollinators and help the land recover from prior farming uses.
Construction of the 150,000-panel installation should, they added, see all sites up and running by summer 2020.
As Lightsource and Penn State said when their jointly unveiled the project in February, the 70MW solar portfolio will cover 25% of the academic institution’s power needs for 25 years.
The solar agreement emerged just months after a separate 25-year PPA was signed for an onsite PV array at Penn State, intended to supply 1% of power needs of one of its campuses.
As reported by sister title Solar Power Portal, the firm has also had an active past few months in its home UK soil, hitting milestones for projects in Nottingham (49.9MW), Rugby (17MW) and Swansea (9.9MW).
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.
Understanding bifacial’s true potential: technology innovation and technical bankability of bifacial
The deployment of bifacial PV technology is growing rapidly. It has proven to be the most effective solution to reduce levelised energy costs (LCOE) and increase the Investment Rate of Return (IRR) of PV systems, offering substantially improved energy yield compared to the use of standard mono-facial modules. Even though the concept is not new, it has been a niche technology for many years with uncertainties in predicting performance and optimizing installations. Today, bifacial technology is becoming mainstream, with capacity available at the multi-gigawatt scale and with corresponding global deployment of project pipelines. Join this webinar, presented by Andrea Viaro, as he discusses the award-winning Swan bifacial module with transparent backsheet from DuPont, its features, benefits and differences vs. standard glass-glass modules. Jinko Solar’s new bifacial technology innovations will also be highlighted, specifically covering profitability in deployment at utility-scale PV power plants. Andrea will be joined by Dr.Lars Podlowski who will give a comprehensive introduction to all aspects of bifacial PV technology, with a special focus on benefits and risks industry buyers and investors should pay attention to.
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.