Lightsource BP says it aims to install over 4 GW of solar power capacity by 2023 in the US, and the tracker supply for 1.5 GW from Array Technologies gives it certainty of equipment supply and saves costs. (Photo Credit: Lightsource BP)
- Under a tracker supply deal signed between Array Technologies and Lightsource BP, the latter will deploy 1.5 GW worth of capacity
- Array’s single-axis trackers will be used for Lightsource BP’s large-scale projects in the US
- Around $100 million Investment in the technology was completed in December 2019 with equipment loan secured from CoBank, ACB
EDF Renewables North America Contracts Array Technologies To Supply Close To 2 GW Single-Axis Solar Tracking Equipment For Development Pipeline In United States, Canada & Mexico
(15. December 2019)
Array Technologies Secures Contracts To Supply Its PV Trackers For 586 MW Solar Power Projects In Australia
(13. October 2017)
British solar power company Lightsource BP has bought tracker equipment worth $100 million from America’s Array Technologies to be used for its 1.5 GW portfolio of large-scale projects in the US. The purchase was completed in December 2019.
It says the single-axis solar tracking equipment investment is the first phase in the construction of over 1.5 GW of US projects where Lightsource plans to deliver over 4 GW capacity by 2023. In the US, the British company claims to have a pipeline of almost 6 GW of solar projects of which 366 MW capacity is currently under construction with power purchase agreements (PPA) secured for 540 MW (see Lightsource BP To Build 240 MW PV Project In Colorado).
Lightsource BP’s CEO of the Americas, Kevin Smith said with this deal his company – that has British oil and gas giant BP as its 50% shareholder – has ‘certainty of equipment supply as well as cost savings for our solar projects located across the country’. It financed the deal with an equipment loan underwritten by private lenders for agribusiness, power, water and communications in the US, CoBank, ACB.
This deal between Lightsource BP and Array follows the collaboration for a 200 MW Australian project (see Lightsource BP Secures Financing For Australia Project).
For Array, this is yet another multi GW deal it bagged in 2019 after it signed a similar one with EDF Renewables North America for 2 GW of its single-axis equipment to be used for US, Canada and Mexico projects (see Array Technologies Bags 2 GW Tracker Deal).
Both Array Technologies and NEXTracker of the US are likely to lead the global PV tracker market in America and emerging markets; IHS Markit sees more than 150 GW solar PV tracker deployment globally between 2019 and 2023 (see 150 GW+Tracker Deployment Between 2019 & 2023).