10 Aug Lightsource BP marks US expansion with 135MW of solar projects
Lightsource BP has announced the acquisition of six solar development assets from US-based Orion Renewable Energy Group, as the company follows a strategic expansion strategy in the US.
The acquired solar projects are based in the liquid PJM power pool, as well as in the rapidly growing energy markets of Pennsylvania and Maryland.
Lightsource BP CEO Nick Boyle said: “The acquisition of the largest solar development portfolio in Pennsylvania builds on our proven reputation as a global renewable energy leader.
“We are accelerating the development of solar with a strong focus on new and underserved markets, as it is an important component of a diverse fuel mix.”
The news follows a recent announcement by Pennsylvania Department of Environmental Protection (DEP), which outlined a plan to expand in-state solar resources to 11GW, with a goal of supplying 10% of the state’s electric retail sales by 2030.
Lightsource BP is a joint venture between Europe’s biggest solar developer and British oil and gas giant BP, which was formed at the end of last year when the latter committed US$200 million in investment towards the former.
Two months later, the company unveiled plans to build the largest solar farm in Kansas for the Mid-Kansas Electric Company – its first US project commitment.