CohnReznick Capital Advises Lightsource BP in Raising Tax Equity for the 260MW Impact Solar Project
Lightsource BP, an experienced global renewable energy Independent Power Producer (IPP), recently closed on the tax equity commitment for the Impact Solar project located in Lamar County, Texas.
The 260MW solar facility, Lightsource BP’s signature Texas project to date, showcases the IPP’s strong execution capabilities as they continue to grow their presence across the U.S. and around the world.
CohnReznick Capital advised Lightsource BP on this transaction, which further enhances its position as one of the leading global renewable energy developers.
Britta von Oesen, Managing Director at CohnReznick Capital, said, “We are thrilled to be working with Lightsource BP as they continue to develop their U.S. portfolio and build strategic relationships with financing counterparties.”
For additional details on this transaction, please contact:
Britta von Oesen, Managing Director
For the full press release, please click here.
About Lightsource BP
Lightsource BP is a global leader in energy development with over 2GW of large-scale solar developed and/or operated. As an independent power producer, Lightsource BP funds, develops, constructs, owns, and operates the highest-quality solar PV projects, bringing efficiency and scale to the full lifecycle of solar power and energy storage. Lightsource BP customizes its offerings to solve its customers’ specific needs, including resource diversification, ownership appetite, regulatory positioning, and community appeal. In 2017, Lightsource and BP plc (“BP”) entered into a strategic partnership with BP committing $200MM in equity capital thus bringing financial strength and scale for robust future growth. In December 2019, BP announced an increase to its stake in Lightsource BP to 50% from 43%.
At CohnReznick Capital, we provide superior investment banking services to the sustainability sector. Since 2008, we have executed more than 160 project and corporate transactions for renewable energy assets valued at over $20.6 billion in aggregate. We are wholly committed to the clean energy transition and deliver exceptional services for financial institutions, infrastructure funds, strategic participants (IPPs and utilities), and leading global clean energy developers. Our team of experts helps our clients break through the dynamic and evolving sustainability sector by simplifying project finance, M&A, capital raising and special situations. To learn more, please visit cohnreznickcapital.com, follow @CR_Capital on Twitter, and connect with us on LinkedIn.