Lightsource bp said it closed on a $267 million tax equity investment from Wells Fargo & Co. The investment is in addition to Lightsource bp’s sponsor equity investment and complements a debt financing package that closed in December 2021.
Wells Fargo’s investment is expected to support construction and operation of a two-project portfolio totaling 481 MW, including:
- 346 MW Oxbow Solar in Pointe Coupee Parish, Louisiana, with energy sales to McDonald’s and eBay
- 135 MW Conway Solar near Happy, Arkansas, with energy sales to Conway Corp.
