CohnReznick Capital Advises Lightsource bp in Raising Tax Equity for 316MW Solar Portfolio in Texas
Lightsource bp, a global leader in the development and management of solar energy projects, has successfully closed on a tax equity investment from Bank of America for a 316MW solar portfolio. The portfolio consists of two projects located near Dallas, TX – Elm Branch Solar (163MW; corporate virtual PPA with L3Harris Technologies) and Briar Creek Solar (153MW; proxy generation PPA with Allianz Global Corporate & Specialty).
CohnReznick Capital acted as exclusive financial advisor to Lightsource bp on the transaction.
“As one of the fastest-growing renewable energy developers in the U.S., Lightsource bp continues to play a pivotal role in accelerating the clean energy transition,” said Britta von Oesen, Managing Director, CohnReznick Capital. “We are happy to continue to support the Lightsource bp team in closing out this project with a top tier investor.”
For additional details on this transaction, please contact Britta von Oesen.
For the full press release, please click here.
About Lightsource bp
Lightsource bp is a global leader in the development and management of solar energy projects, and a 50:50 joint venture with bp. Our purpose is to deliver affordable and sustainable solar power for businesses and communities around the world. Our team includes over 500 industry specialists, working across 14 countries. We provide a full service to our customers, from initial site selection, financing and permitting through to long-term management of solar projects. Lightsource bp in the U.S. is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston. Since late 2017, the team has developed a pipeline of more than of more than 8 gigawatts of large-scale solar projects at various stages of development across the United States with about 2 gigawatts of contracted assets representing almost $2 billion in near term projects. For more information visit lightsourcebp.com, follow us on Twitter @lightsourceBP and Instagram @lightsourcebp or view our LinkedIn page. For media inquiries, please contact Mary Grikas at firstname.lastname@example.org.