Recent Quotes View Full List My Watchlist Create Watchlist Indicators DJI Nasdaq Composite SPX Gold Crude Oil EL&P Market Index Markets Stocks ETFs Tools Overview News Currencies International Treasuries Lightsource bp lines up tax equity support for solar portfolio By: Green Power RSS Feed January 18, 2023 at 11:02 AM EST Wells Fargo’s investment is expected to support construction and operation of a two-project portfolio totaling 481 MW. 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 eBay135 MW Conway Solar near Happy, Arkansas, with energy sales to Conway Corp.Wells Fargo is now the eighth financial institution to support this portfolio of projects, joining HSBC Bank USA, ING Capital LLC, Societe Generale, NatWest, Intesa Sanpaolo, Standard Chartered Bank, and Allied Irish Banks.Kevin Smith, Lightsource bp’s CEO of the Americas, said that new tax credit options and “stable policy environment” made possible by the federal Inflation Reduction Act “will further incentivize investment and spur the growth of America’s solar industry.” Data & News supplied by www.cloudquote.io Stock quotes supplied by Barchart Quotes delayed at least 20 minutes. By accessing this page, you agree to the following Privacy Policy and Terms and Conditions.
Lightsource bp lines up tax equity support for solar portfolio By: Green Power RSS Feed January 18, 2023 at 11:02 AM EST Wells Fargo’s investment is expected to support construction and operation of a two-project portfolio totaling 481 MW. 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 eBay135 MW Conway Solar near Happy, Arkansas, with energy sales to Conway Corp.Wells Fargo is now the eighth financial institution to support this portfolio of projects, joining HSBC Bank USA, ING Capital LLC, Societe Generale, NatWest, Intesa Sanpaolo, Standard Chartered Bank, and Allied Irish Banks.Kevin Smith, Lightsource bp’s CEO of the Americas, said that new tax credit options and “stable policy environment” made possible by the federal Inflation Reduction Act “will further incentivize investment and spur the growth of America’s solar industry.”