Lightsource BP has closed on a tax equity investment from Guardian Life Insurance Company, via its partnership with the Rockwood Group, for 125MW of solar projects across four US states. The portfolio includes the largest solar project in Pennsylvania and upon completion will offset in total more than 133,000 metric tons of greenhouse gas emissions.
CohnReznick Capital acted as sole financial advisor to Lightsource BP on the transaction.
“We are excited to advise Lightsource BP on this transaction with Guardian Life as they continue to be a leading clean energy developer throughout US communities,” said Britta von Oesen, Managing Director.
For additional details on this transaction, please contact:
Britta von Oesen
For the full press release, please click here.
About Lightsource BP
Lightsource BP is a global clean energy company with over 350 employees in 11 offices worldwide. The company is among the largest global solar companies with more than 2,000 megawatts (MW) of solar power plants in operation and under management and a pipeline of development projects in 14 countries. Lightsource BP in the US is headquartered in San Francisco with its east coast office in Philadelphia and has a development portfolio of more than 4,000 MW of solar projects across America.
At CohnReznick Capital, we provide superior investment banking services to the sustainability sector. Since 2008, we have executed more than 140 project and corporate transactions for renewable energy assets, valued at over $19.5 billion in aggregate. We are wholly committed to the clean energy transition, and deliver exceptional services for financial institutions, infrastructure funds, strategic participants (IPPs and utilities), and leading global clean energy developers. Our team of experts help our clients break through the dynamic and evolving sustainability sector by simplifying project finance, M&A, capital raising, and special situations. To learn more, please visit https://www.cohnreznickcapital.com, follow @CR_Capital on Twitter, and connect with us on LinkedIn.