Lightsource BP Acquires 135 MW Solar Assets from Orion Renewable Energy

The move has marked a major milestone in the Lightsource BP’s strategic US expansion.

lightsource

British solar parks developer Lightsource BP has acquired six solar development assets from Orion Renewable Energy Group LLC.

The move has marked a major milestone in the Lightsource BP’s strategic US expansion.

Further, the 135 MW DC portfolio consists of projects in the liquid PJM power pool, and specifically in the rapidly growing energy markets of Pennsylvania and Maryland.

Moreover, the announcement comes on the heels of Pennsylvania Department of Environmental Protection (DEP’s) recently published draft plan to expand in-state solar resources to 11 GW, with a goal of supplying 10 percent of the state’s electric retail sales by 2030.

Commenting on the acquisition, Lightsource BP Group 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,” Boyle added.

Recently in the month of August, Brett Martin, one of NI’s most successful independent manufacturing companies had announced that they are now procuring renewable electricity from a solar installation funded and developed by Lightsource BP, a global leader in the solar industry.

Last Year in December, BP announced a USD 200 million investment into Lightsource. Two months later, the rebranded Lightsource BP unveiled its first US project commitment, to build the largest solar farm in Kansas for the Mid-Kansas Electric Company.

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Manu Tayal

Manu Tayal

Manu is an Associate Editor at Saur Energy International where she writes and edits clean & green energy news, featured articles and interview industry veterans with a special focus on solar, wind and financial segments.

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