UK-based Lightsource bp and Pinnacle Financial Partners have announced the closing of a $97.9 million tax equity deal to finance the 187 MW Peacock Solar project in San Patricio County, Texas. The project was expected to generate over 360,000 MWh of electricity annually to supply Gulf Coast Growth Ventures’ manufacturing complex. This was the second transaction between Lightsource bp and Pinnacle Financial Partners and also marked Pinnacle’s first production tax credit equity deal. According to Lightsource bp, the company had raised over $5 billion in third-party capital to support its projects across the United States.