Lightsource bp Closes $533 Million Financing for Arkansas Solar Project

Conway Solar is part of a 480 MW, $533 million portfolio financing package for multiple solar projects.

Hart Energy Staff

Lightsource bp has successfully closed on a $533 million multiproject financing package on Jan. 12 and will soon mobilize construction on its 135 megawatt (MW) Conway Solar project located near Happy, Arkansas, approximately 55 miles northeast of Little Rock.

Lightsource bp will build, own and operate the facility and deliver the clean, renewable energy it generates to Conway Corp. under a long-term power purchase agreement for their customers in the City of Conway.

The solar farm will generate enough electricity to power more than 21,400 homes, and will also play a role in reducing the city’s carbon footprint by the equivalent of CO2 emissions from 35,400 fuel burning cars annually.

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