Lightsource bp Secures Funding for Arkansas Solar Project

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Researched by Industrial Info Resources (Sugar Land, Texas)--Renewable energy developer Lightsource bp (London, England) has secured a $327 million funding package for its Driver solar project near Osceola, Arkansas. The project is being built on a build-transfer agreement with Entergy Corporation (NYSE:ETR) (New Orleans, Louisiana) division Entergy Arkansas (Little Rock).

Construction of the solar farm could begin later this year, putting it on track for completion by the end of 2024. The facility will have nameplate generating capacity of 250 megawatts (MW) and will be the largest solar facility in Arkansas. Lightsource bp will be responsible for the construction of the solar farm, and upon completion Entergy Arkansas will take on the ownership and operations. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here for more information.

The solar farm is being constructed near United States Steel Corporation's (NYSE:X) (Pittsburgh, Pennsylvania) Big River steel mill, and the power from the solar farm will be used at the facility. The steel facility is underway with the addition of a minimill with two electric arc furnaces capable of producing 3 million tons per year. Construction kicked off in early 2022 and is expected to be completed in late 2024. Subscribers to Industrial Info's Metals & Minerals Project Database can click here for more details.

Among Lightsource bp's other renewable energy projects in Arkansas is the Conway solar farm near Griffithville, construction of which began last year. The facility will use approximately 300,000 bifacial solar panels on a single-axis tracking system to achieve a generating capacity of 95 MW. The facility is expected to begin operation in the coming months. Subscribers can click here for the project report.

But Lightsource bp isn't the only company with renewable energy ambitions in Arkansas. NextEra Energy Incorporated (NYSE:NEE) (Juno Beach, Florida) is underway with its Big Cypress photovoltaic solar plant near Turrell, about 25 miles northwest of Memphis, Tennessee. Construction on the facility kicked off in late 2021. Engineering, procurement and construction contractor Moss & Associates Construction Company LLC (Fort Lauderdale, Florida) is expected to complete the project by the end of this year. Subscribers can click here for the full report.

Other solar undertakings in the state include Energias du Portugal's (EDP) (Lisbon, Portugal) 175-MW Crooked Lake solar facility near Blytheville. Construction is expected to wrap up early next year. Subscribers can click here for more information.

Expected to complete construction this summer is a solar farm being developed by Cubico Sustainable Investments (London, England) near Crossett, Arkansas, in the southeast of the state. The facility will use 362,000 solar panels to achieve nameplate solar generation of 100 MW. Subscribers can learn more by viewing the project report.

Subscribers to Industrial Info's GMI Database can click here to view the reports for all of the projects discussed in this article and click here for the related plant profiles.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).