Lightsource BP Finalises Contract With SEPTA for 43.8 MW Solar

SEPTA and Lightsource BP have signed a long-term power contract for two solar farms totaling 43.8 MW (dc) in Franklin County, Pennsylvania.

The Southeastern Pennsylvania Transportation Authority (SEPTA), among the largest transit agencies in the United States serving the Greater Philadelphia region, and Lightsource BP, a global leader in the development, financing and management of utility-scale solar energy projects, have signed a long-term power contract for two solar farms totaling 43.8 MW (dc) in Franklin County, Pennsylvania. The projects, Elk Hill 1 and 2, will help advance energy and sustainability priorities for both SEPTA and the Commonwealth.

Lightsource BP will finance, build, own and operate the two solar farms, which will generate an estimated annual total of 67,029 MWh of clean and affordable solar energy or nearly 20 percent of SEPTA’s 380,000 MWh per year electricity demand – the equivalent of providing energy to more than 6,100 US homes annually.

Lightsource BP Completes $250 Mn Financing for Solar Project in Texas

Also Read

“This project is a win-win, creating good-paying jobs for Pennsylvanians while locking in low prices with a clean energy source for SEPTA,” said SEPTA Board Chairman Pasquale T. Deon, Sr. “We’re excited to be a part of moving the Commonwealth’s energy industry forward.”

Generation from solar farms of this size and type would be expected to reduce greenhouse gas emissions by 47,390 metric tons of CO2 annually, equivalent to offsetting the emissions of 500 of SEPTA’s buses each year. They also support Pennsylvania’s goals to generate a percentage of clean electricity by solar photovoltaics, helping to diversify the state’s energy portfolio and increase security with locally generated power.

“We’re thrilled to partner with SEPTA, an organization committed to its sustainability goals while supporting the development of new solar energy sources within the state to create jobs in local communities during these challenging times,” said Kevin Smith, chief executive officer of Lightsource BP in the Americas. “Working together, we’re helping advance transportation’s transition toward low carbon along with benefiting Pennsylvania’s environment, as well as its economy.”

Lightsource BP Secures 20-Year PPA for 132 MW Solar Project

Also Read

Recently, we had reported that Lightsource BP had secured a 20-year purchase power agreement (PPA) with the Conway Corporation. The agreement is for the development of a 132 MW (dc) solar energy project in White County, Ark. Lightsource BP will finance, build, own and operate the facility and will deliver the solar energy it generates to Conway Corp under the fixed-rate power purchase agreement.