Lightsource BP Renewable Energy Investments Ltd. said May 29 that it will develop, build, own and operate a $125 million, 100-MW solar photovoltaic facility that will supply power to the Alabama Municipal Electric Authority under a 20-year power purchase agreement.
The facility, which is expected to be completed in 2021, will be located near Montgomery, Ala., and is expected to be one of the largest solar facilities in the state.
AMEA, as the municipal authority is known, said in a statement that it has, to date, built 50-kW solar projects in eight of its 11 member communities for research purposes.
The Lightsource solar project will allow AMEA to supply power to its member utilities located across the state, it said in the statement. AMEA gets its power from a variety of sources, including a gas-fired plant in Talladega County, Ala., AMEA Peaking, which it calls Sylacauga, and purchases from companies including Southern Co. subsidiary Alabama Power Co.
Lightsource BP is based in London. In 2017, oil major BP PLC took a 43% stake in Lightsource Renewable Energy by investing approximately $200 million.
Jeffrey Ryser is a reporter for S&P Global Platts. S&P Global Platts and S&P Global Market Intelligence are owned by S&P Global Inc.