Energy Solutions: Procuring renewable energy
Buying solar power provides a wide array of benefits
Purchasing solar power enables organizations to meaningfully advance their global carbon reduction and renewable energy goals and, importantly, drive the transition to a low-carbon economy. Our customers also capitalize on long-term budget certainty and cost savings through competitive solar energy procurement.
But, buying solar power is not only good for the environment; it makes sound business sense, too. According to the International Energy Agency, “utility-scale solar PV is the least costly option for new electricity generation in a significant majority of countries worldwide.” As a result, the US solar industry has passed 160 gigawatts of installed capacity, making solar the fastest growing form of new electricity in the US.
Home-grown electricity
Gain community enhancement through locally generated solar energy, which provides clean, predictable, low-cost power, and local job growth
Affordable energy
Renewables are the lowest-cost energy sources globally
Predictable costs
long-term budget certainty
Reduced carbon footprint
Meet sustainability commitments and provide a cleaner, healthier, safer environment for your community
No capital costs
Pay no capital costs. Lightsource bp finances, builds, owns, and operates the solar facilities, delivering 100% of the energy at a long term fixed price
Diversified sources
Power portfolio diversity translates to energy security
Work with our team of in-house experts
Our Lightsource bp Business Development team will act as your energy advisor, determining the best solution to fit your company needs and provide you with market information to guide your decisions. With access to a development portfolio of more than 30 gigawatts of solar plus storage assets strategically located across the United States, our team will ensure you get a project that meets your requirements. Our solar projects are available with an energy storage solution that can help maximize benefits of solar generation.
Power purchase agreements designed to maximize value for each of our customers
Lightsource bp offers a wide range of energy solutions for customers across America, providing cost-effective end-to-end offerings fully customized to meet your individual business needs. An important aspect of buying solar power from Lightsource bp is that we fully finance, build, own, and operate the solar and energy storage facilities, delivering the power to you at a long-term, predictable price through a renewable energy contract. No up-front capital investment is required from our customers.
Our US team of energy advisors has executed power purchase agreements with prominent energy buyers such as Xcel Energy, Amazon, McDonald’s, eBay, Verizon, L3Harris and Penn State University. Learn more about our solar power procurement structures, along with case studies of our successful customer partnerships.
Build-transfer agreements: Full project ownership for our partners
Under a build-transfer agreement (BTA), Lightsource bp develops and builds the solar project, transferring ownership to the counterparty at a defined point. Lightsource bp manages development, procurement, engineering and construction.
Depending on customer preference, the project can transfer into the customer’s ownership upon issuing Notice to Proceed, or when the project enters commercial operations. The transfer includes full sale of the project attributes, including land rights, equipment, interconnection and all products from the facility, including electricity and Renewable Energy Credits.
Our 250MW solar BTA with Entergy Arkansas
Expanding the benefits of solar with storage
Energy storage is an enabling technology that can maximize the benefits of solar for our energy buyers. Storage can help save money, improve reliability and resilience, and enable integration of more solar energy into the grid – further helping our environment by increasing reduction in greenhouse gas (GHG) emissions.
Learn more about the benefits of pairing energy storage to your solar solution.
