Lightsource bp closes on $100 million financing for Alabama solar project

The 130-megawatt Black Bear Solar energy project will increase Alabama’s total installed solar capacity by more than 20%.

Lightsource bp has closed on a $100 million financing package for its 130-megawatt Black Bear Solar energy project in Montgomery County. Lightsource bp has secured a power contract with Alabama Municipal Electric Authority, which helped it obtain the financing from Minneapolis-based U.S. Bank. Debt for the project was provided by Banco Santander, based in Spain…

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