Lightsource BP, a global solar developer, has announced the purchase of approximately $100 million in equipment from single-axis solar tracker manufacturers Array Technologies.
The investment in single-axis solar tracking equipment was completed in December and is the first phase in the construction of over 1.5 GW of large-scale solar projects in the United States. This represents a significant portion of Lightsource BP’s projected build program in the nation over the next few years.
This agreement comes after a recent collaboration between Lightsource BP and Array Technologies on a milestone 200-MW project in Australia.
“We’re pleased that we will have certainty of equipment supply as well as cost savings for our solar projects located across the country,” said Kevin Smith, Lightsource BP’s CEO of the Americas. “Lightsource BP is well-positioned to execute its ambitious plan to deliver more than 4 GW in the U.S. by 2023.”
Since Lightsource BP announced its expansion into North America in late 2017, the team has a pipeline of almost 6 GW of solar projects across the United States. That includes 540 MW of announced power purchase agreements in 2019 and 366 MW of projects currently in construction in four states.
“We are delighted to be working with Lightsource BP to deliver on this robust pipeline of projects,” stated Jim Fusaro, CEO at Array Technologies. “This agreement demonstrates the quality and bankability of Array’s single-axis tracking system over a diverse set of developments. Collaborations, such as this, showcase the flexibility and adaptability of both our business and our products.”
News item from Lightsource BP
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