Industries and countries are working together to achieve Net Zero targets by 2030. In this regard, Barclays Lightsource bp Signs 140 Million Dollar Deal for Louisiana Solar Project Expansion. It will help in construction of the Prairie Ronde 180 MW DC solar project in St. Landry Parish in Louisiana. Once completed, this project is set to deliver clean energy to the community and support local initiatives through biodiversity enhancements.
Highlights
Barclays and Lightsource bp Commitment
- Groundbreaking partnership initiates with Barclays’ Sustainable Project Finance team and Energy Transition Group
- Secures a $140 million tax equity agreement fostering the Prairie Ronde solar project
- Pioneering project to energize construction in St. Landry Parish, Louisiana
Solar Farm Development and Job Creation
- Lightsource bp will construct, maintain, and manage the solar farm
- Anticipates creating 250 jobs, prioritizing local workers and supply chains
- Construction phase to proceed, with operation starting in late 2024
Community and Economic Benefits
- Pledges $250,000 toward local charities and philanthropic efforts in St. Landry Parish
- Strives for increased area biodiversity; plants cultivated alongside solar infrastructure
- Possible generation of over $20 million in local tax revenue across project lifespan, benefiting public services including education
Renewable Energy Pacts and Environmental Impact
- Lightsource bp has confirmed a power purchase agreement with McDonald’s Corporation
- Solar output to power approximately 600 McDonald’s outlets annually
- Projected carbon emission reduction estimated at 231,800 metric tons each year
Local Leadership Perspectives
- St. Landry Parish shows optimism about future growth and advancements through Lightsource bp’s solar project
- Recognition of the project as a driving factor for local development, infrastructure enhancement, and education quality improvement
