Ventress Solar PV Park is a 345MW solar PV power project. It is planned in Louisiana, the US. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Solar PV | 345 | – | 345 | Permitting | Louisiana, the US | Lightsource BP Renewable Energy Investments |
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Description
The project is being developed and currently owned by Lightsource BP Renewable Energy Investments.
Ventress Solar PV Park is a ground-mounted solar project which is planned over 1,800 acres.
The project is expected to generate 600,000MWh electricity and supply enough clean energy to power 59,000 households. The project is expected to offset 458,919t of carbon dioxide emissions (CO2) a year. The project cost is expected to be around $300m.
Development Status
The project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2023.
Power Purchase Agreement
The power generated from the project will be sold to McDonald’s under a power purchase agreement, starting from 2023.
About Lightsource BP Renewable Energy Investments
Lightsource BP Renewable Energy Investments Ltd (Lightsource BP) formerly Lightsource Renewable Energy Ltd, is an alternative energy company. It acquires, develops and manages large-scale solar projects and smart energy solutions. The company’s service offering includes site identification, power marketing, engineering, procurement, construction management, and operation and maintenance services. Lightsource BP also provides power purchase agreements, risk management, asset management, monitoring, optimization and financing solutions. It operates across Americas, Africa, Asia Pacific, the Middle East and Europe. The company is owned by BP Plc and its management and staff. The Company is headquartered in London, Greater London, the UK.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
