{"id":19315,"date":"2020-10-01T15:00:14","date_gmt":"2020-10-01T15:00:14","guid":{"rendered":"https:\/\/www.lightsourcebp.com\/news\/lightsource-bp-completes-285m-financing-and-mobilizes-construction-on-bighorn-solar-project-in-colorado\/"},"modified":"2026-01-06T18:52:28","modified_gmt":"2026-01-06T18:52:28","slug":"285m-financing-completed-and-construction-begun-on-bighorn-solar-project-in-colorado","status":"publish","type":"post","link":"https:\/\/lightsourcebp.com\/us\/news\/285m-financing-completed-and-construction-begun-on-bighorn-solar-project-in-colorado\/","title":{"rendered":"$285M financing completed and construction begun on Bighorn Solar project in Colorado"},"content":{"rendered":"
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$285M financing completed and construction begun on Bighorn Solar project in Colorado<\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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300 megawatt solar project will deliver clean, cost effective energy to the EVRAZ North America steel mill in Pueblo<\/h2>\n

PUEBLO, Colorado (October 1, 2020) <\/em>\u2013 Lightsource bp has successfully closed on a $285 million financing package for its Bighorn Solar<\/a> project, which will be located on EVRAZ Rocky Mountain Steel mill property in Pueblo. Xcel Energy, as the electrical provider for the steel mill, will purchase the power generated by the solar facility under a long-term contract with Lightsource bp. The competitive price of solar energy and its long-term budget certainty helps to ensure that the steel mill, along with 1,000 local workers, will remain in Pueblo. Additionally, EVRAZ has announced it is moving forward with construction of a new long rail mill in Pueblo.<\/p>\n

\u201cThis collaborative project will not only bring more jobs to Pueblo, but also supports Colorado\u2019s goal of reaching 100% renewable energy by 2040. The EVRAZ steel mill is a staple of Pueblo\u2019s incredible history and will now also serve as a pillar of our state\u2019s clean energy future.\u201d<\/em><\/strong><\/p>\n

– Governor Jared Polis<\/strong><\/p>\n

World-class debt and equity finance partners support US transition to low carbon energy<\/h3>\n

Lightsource bp secured tax equity financing for the project from Bank of America. The debt for the facility was provided by the following Mandated Lead Arrangers:<\/p>\n