financial close

Lightsource bp has closed on a US$100 million financing package for the 130MW Black Bear Solar energy project in Montgomery County, Alabama, which once complete will increase the state’s total installed solar capacity by more than 20%, according to Lightsource bp.

Solar player enlists oil major BP, HSBC, Natwest and Bank of America as it raises US$250m package to sponsor project northeast of Dallas, set to trade energy with BP.

Asset manager secures funding for California’s Springbok 3 and eyes commercial debut in June, eight months after buying the project.