• The partnership between Lightsource bp and Gulf Coast Growth Ventures, a joint venture between ExxonMobil and SABIC, marks the first utility-scale solar installation powering an ExxonMobil-operated facility

• The project is expected to reduce greenhouse gas emissions by over 256,000 metric tons annually¹, equivalent to the emissions from approximately 55,000 gasoline-powered cars

Lightsource bp has completed the 187-megawatt Peacock Solar project, a solar farm located in San Patricio County, TX, that will provide power directly to Gulf Coast Growth Ventures' nearby manufacturing complex.

The Peacock Solar project, developed, built and operated by Lightsource bp, supports the global transition to a lower carbon energy while benefiting local communities and the economy. The solar farm created over 300 on-site jobs during construction and is expected to generate more than $25 million in tax revenue over 25 years.

“The Peacock Solar project adds to Lightsource bp’s operational fleet in Texas, helping reduce carbon emissions while diversifying the state’s energy mix to enhance security and reliability,” said Helen Brauner, Lightsource bp USA Interim Chief Operating Officer. "By layering on biodiversity and agrivoltaics initiatives, projects like Peacock offer a win-win for both the environment and local communities."

Peacock is expected to generate more than 360,000 megawatt-hours of electricity annually to partially power GCGV, which produces materials used to manufacture clothes, food containers, packaging, agricultural film and construction materials.

“This project exemplifies our dedication to being a responsible site and an environmental steward,” said Paul Fritsch, president and site manager at GCGV. “By implementing innovative energy solutions, we ensure our site efficiently produces the essential products society relies on.”

Peacock will be home to a range of agricultural and biodiversity activities, including:

• Planting vegetation under and around the solar panels, including native plant species beneficial to pollinators and other wildlife.
• Aiming to improve habitat value, species composition, soil health and overall ecosystem functions at the solar farm.
• Sheep grazing at the site to benefit the local rural economy and keep the farmland in production.

The project also supports U.S. manufacturers, with ultra-low carbon solar panels from Arizona-based First Solar and intelligent trackers from Connecticut-based GameChange Solar.

1 Calculation based on EPA Greenhouse Gas Equivalencies Calculator, which uses the AVoided Emissions and geneRation Tool (AVERT) U.S. national weighted average CO2 marginal emission rate to convert reductions of kilowatt-hours into avoided units of carbon dioxide emissions. See: https://www.epa.gov/energy/greenhouse-gases-equivalencies-calculator-calculations-and-references.

ABOUT LIGHTSOURCE BP

Lightsource bp develops and manages utility-scale onshore renewable and energy storage solutions globally. Our purpose is to deliver affordable and sustainable power for businesses and communities around the world. Our team includes over 1,200 industry specialists, working across 19 global regions. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of projects and power sales to our clients.

Lightsource bp was fully acquired by bp in 2024. Read more here.

For more information visit lightsourcebp.com, follow us on Twitter and Instagram or view our LinkedIn page.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250123393146/en/

“Peacock Solar adds to Lightsource bp’s operational fleet in Texas, helping reduce carbon emissions while diversifying the state’s energy mix to enhance security and reliability,” said Helen Brauner, Lightsource bp USA Interim Chief Operating Officer.