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Lightsource BP to build U.S. university solar project

Tue, 05th Feb 2019 12:00

LONDON, Feb 5 (Reuters) - Lightsource BP, Europe's biggestsolar energy developer, will build a 70 megawatt (MW) solarproject for Penn State university in Pennsylvania, the companysaid on Tuesday.

* The project is expected to be complete by July 2020 andwillprovide around 25 percent of the university’s state-wideelectricity demands for 25 years, Lightsource BP said.

* No financial details were released.

* More than 150,000 solar panels will be installed in totalinthree locations near the university campus.

* Lightsource has been ramping up investments in the UnitedStatesand last year bought a 135 MW portfolio of six solar assets inPennsylvania and Maryland from Orion Renewable Energy Group LLC.

* Oil major BP acquired a 43 percent stake inLightsourcein 2017.(Reporting By Susanna Twidale; editing by EmeliaSithole-Matarise)

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