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
Here’s Lucy Biggers, social media powerhouse, explaining how solar and wind energy actually aren’t free, because they require materials that need to be mined from the Earth.
Yes, Lucy. I think most of us already knew that.
It’s hard for me to understand how a person with zero training in science has any relevance to what climate scientists are telling us. If I want a good recipe for carrot soup, I don’t ask a baseball coach or an auto mechanic.
They call this woman an “influencer.” What type of idiot does she influence?
Yes, part of this is stupidity. But a larger part is that people who still support Trump at this point are desperate to believe whatever comes out of his mouth, regardless of how nonsensical it may be.
I wish my mother were still here so I could see where she would stand. She was extremely well-educated, and a voracious reader, but somehow remained a Fox News viewer until the end. I just wonder if the last 15 months may have turned her around.
Those who stand in opposition to the president have dozens of different reasons for their feelings. One, as is on display here, is that he’s an ignoramus.
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