Impact Solar Texas Case Study - Amazon Web Services

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1 300 LOCAL JOBS 260MW CAPACITY $250M CAPITAL INVESTMENT 318,000MT ABATED GREENHOUSE GAS EMISSIONS 2020 YEAR END COMPLETION DATE Lamar County, Texas IMPACT SOLAR FARM 41,000 HOMES POWERED Affordable, locally generated, clean energy for Texas communities. The 260 megawatt Impact Solar Farm is expected to generate approximately 450,000 megawatt hours of solar power annually – or enough to power the equivalent of 41,000 US homes per year in the Texas market and provide an offset of more than 318,000 metric tons of greenhouse gas emissions each year, comparable to taking over 68,700 fuel-burning cars off the road

Transcript of Impact Solar Texas Case Study - Amazon Web Services

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300LO C A L J O B S

260MWC A PAC I T Y

$250MC A P I TA L I N V E S T M E N T

318,000MTA B AT E D G R E E N H O U S E

G A S E M I S S I O N S

2020Y E A R E N D

C O M P L E T I O N DAT E

Lamar County, Texas

I M P A C T

S O L A R F A R M

41,000H O M E S P O W E R E D

Affordable, locally generated, clean energy for Texas communities.

The 260 megawatt Impact Solar Farm is expected to generate approximately 450,000 megawatt hours of solar power annually – or enough to power the equivalent of 41,000 US homes per year in the Texas market and provide an offset of more than 318,000 metric tons of greenhouse gas emissions each year, comparable to taking over 68,700 fuel-burning cars off the road

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Local Economic Development

Lightsource bp and project investors will fund an estimated $250 million into building clean energy infrastructure in Texas. In addition to providing low-cost clean, renewable energy for the community, the project will create about 300 local jobs in construction, operations, maintenance and asset management

The project will also contribute tax revenue over the project life, benefitting the local Prairiland Independent School District.

Revenue for Landowners

The project is on land leased by Lightsource bp from local landowners, providing families with a new source of reliable revenue for 25-30 years, and helping keep the land in the family for generations.

Customized Environmental Management Plan

In collaboration with environmental experts, we develop long-term land management plans based on detailed ecological studies. These site-specific environmental plans avoid and minimize potential impacts during construction and operation, while improving soil health, fostering biodiversity, prioritizing local species and creating wildlife habitats wherever possible.

Community Engagement

Lightsource bp is planning community outreach and community engagement, during project development and operations, including community open houses and site tours. The solar farm also provides educational opportunities for local schools and universities, as well as research and internship opportunities.

Clean, Local Energy

The project will provide an offset of 318,000 metric tons of greenhouse gas emissions each year, comparable to taking over 68,700 fuel-burning cars off the road.

Philanthropic Commitments

Lightsource bp is committed to dedicating funds to philanthropic activities and charitable donations to local organizations.

Lightsource bp’s model is to develop, own and operate our solar farms throughout their full life cycle. With solar farms having a life span of up to 40 years, it’s important to us that we’re stewards of the land we use and long-term partners of local communities. We are focused on championing local economies and ecosystems, to truly become a home-grown asset that communities can be proud of.

A C O L L A B O R A T I O N F O R M E D B Y S H A R E D G O A L S

C O M M U N I T Y B E N E F I T S

At Lightsource bp we’re on a mission to rapidly accelerate the growth in renewable energy, while maximizing the environmental and local community benefits of each of our solar projects. We’re looking forward to working with our partners, suppliers and the community in Lamar County to bring this responsible solar approach to our project in Texas.

Kevin Smith, Lightsource bp’s CEO of the Americas

Providing a clean, renewable, reliable and economic source of electric power while maximizing local community benefits

In March 2020, Lightsource bp announced that we had successfully closed on a $250 million financing package for our Impact Solar project located in Lamar County, Texas, 120 miles northeast of Dallas. The senior debt facility for the project was provided by HSBC Bank USA, N.A. (HSBC) and National Westminster Bank PLC (NatWest). Tax equity financing was secured from Bank of America.

The majority of the energy generated by the 260 MW project will be contracted through a long-term agreement with bp. Construction of the project is underway, with commercial operation expected by the end of 2020.

About us

Lightsource bp is a global leader in the financing, development and management of large-scale solar energy projects. We are a 50:50 joint venture with bp and our purpose is to help drive the world’s transition to low carbon energy through competitively priced and sustainable electricity. With solar set to increase tenfold in the next 20 years, Lightsource bp is well-positioned to capitalize on this growth and aims to enact real change on the global energy landscape. Our ambition is to deliver 10 gigawatts of solar capacity by 2023.

Our team comprises of 500 industry specialists, active across 13 countries. We provide a full-service to our customers from initial site selection and permitting through to long-term management of projects.

Lightsource bp in the US is headquartered in San Francisco with development offices in Denver, Philadelphia, Atlanta and Houston and has a development portfolio of more than 7 GW of solar projects across the United States.

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Project capacity: 260 megawatts (DC) /

198 megawatts (AC)

Electricity production: 450,000 megawatt-hours

(year 1 generation)

Owner and operator: Lightsource bp

Capital Investment: $250 Million by Lightsource bp

and project investors

Total Size: More than 650,000 solar panels

installed on approximately 1,500

acres of land

Technology: Bifacial solar photovoltaic (PV)

modules on single-axis trackers

Expected completion: Q4 2020

Location: Lamar County, Texas, near

Cunningham in Prairiland ISD

20191009_CRP_US_D4

P R O J E C T D E T A I L S

Lightsource bp will finance, build, own and operate the Impact Solar project. The solar farm will be located 120 miles northeast of Dallas, on about 1,500 acres leased from local landowners.