Barclays and Lightsource bp have committed to a $140 million tax equity transaction slated to finance construction of the 180 MW Prairie Ronde solar project in St. Landry Parish, La.
The deal was led by Barclays’ Sustainable Project Finance team, working in partnership with the bank’s Energy Transition Group, formed last month to advise clients as they explore energy transition opportunities. Barclays acted as the sole external equity investor on the deal.
Lightsource bp plans to build, own and operate the solar farm, where commercial operation is expected to begin later this year. A power purchase agreement is in place with McDonald’s Corporation.
“As members of the St. Landry community, we look forward to delivering affordable clean energy while continuing to expand our investment in Louisiana to help power the state’s low carbon, independent energy future,” says Lightsource bp’s Emilie Wangerman.
“What’s really exciting is commitments like Barclays to sustainable and energy transition financing are also helping boost local economies. The Prairie Ronde project is expected to provide more than $20 million tax revenue to St. Landry Parish public services such as local school systems over the life of the project.”
The post Barclays, Lightsource bp Agree to Tax Equity Deal for Louisiana Project appeared first on Solar Industry.
Barclays, Lightsource bp Agree to Tax Equity Deal for Louisiana Project
It’s easy to blame Trump for his lies and criminality.
It’s harder to accept the fact that many of the people of the United States are willing believe essentially anything, regardless of how preposterous, that comes out of the president’s mouth.
The Republicans seem to have coalesced around the anti-communism/socialism narrative, setting aside all other messaging re: the economy, affordable groceries and gasoline, jobs, allowing Iran to build a nuclear weapon, etc.
We’ll have to wait and see how this plays out.
In a nation that has, to a large degree, lost its ability to think, it’s possible that voters, especially the most unintelligent among them, can be convinced that the Democrats are leading the United States in the direction of China, North Korea, or the former Soviet Union.
I encourage readers to check out this tongue-in-cheek ad for plant-based meat.
There is a maxim in marketing warning against “promoting the enemy line,” this is so clever, I can see where it could be quite effective.
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