UK-based Lightsource bp secured a structured equity investment from HASI for two utility-scale solar projects in Texas, totaling 288 MW. The portfolio includes the 163 MW Starr Solar project in Starr County and the 125 MW Second Division Solar project in Brazoria County. Expected to reach commercial operation by the end of 2024, these projects will supply renewable energy to power over 50,000 homes and offset 381,000 metric tons of carbon emissions annually. Qualifying for benefits under the Inflation Reduction Act, these projects utilize U.S.-manufactured solar panels from First Solar and trackers from Array Technologies, supporting both local energy resilience and American manufacturing.
Lightsource bp and HASI power Texas with 288 MW solar partnership
The Starr (163 MW) and Second Division (125 MW) solar projects by Lightsource bp are funded through HASI’s recent equity investment. (Image Credit/Source:Pixabay/Pexels)
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
EliTe Solar launched its 5 GW PV project in Egypt’s TEDA Suez Zone, set to begin production by September 2025. (Image Source: PRNewswire)
Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
Ethical Power Italia’s first EPC projects in Italy, two solar farms for Encavis AG, will generate 28 GWh annually. (Image Credit/Source: TomFisk/Pexels)