Barclays and Lightsource bp have dedicated to a $140 million tax fairness transaction slated to finance building of the 180 MW Prairie Ronde photo voltaic undertaking in St. Landry Parish, La.
The deal was led by Barclays’ Sustainable Undertaking Finance staff, working in partnership with the financial institution’s Power Transition Group, shaped final month to advise shoppers as they discover vitality transition alternatives. Barclays acted as the only real exterior fairness investor on the deal.
Lightsource bp plans to construct, personal and function the photo voltaic farm, the place industrial operation is predicted to start later this 12 months. An influence buy settlement is in place with McDonald’s Company.
“As members of the St. Landry group, we look ahead to delivering reasonably priced clear vitality whereas persevering with to broaden our funding in Louisiana to assist energy the state’s low carbon, impartial vitality future,” says Lightsource bp’s Emilie Wangerman.
“What’s actually thrilling is commitments like Barclays to sustainable and vitality transition financing are additionally serving to increase native economies. The Prairie Ronde undertaking is predicted to offer greater than $20 million tax income to St. Landry Parish public providers akin to native faculty techniques over the lifetime of the undertaking.”