• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Corporate News
  • Generation
  • Oil & Gas
  • Regulation
  • Renewable
    • Climate
    • Solar
    • Wind
  • Storage
  • Tech
  • T & D
Energy News Desk Logo

Energy News Desk

Energy News and Data

Lightsource bp Enters Purchase Agreement with Array Technologies

November 10, 2020 by Solar Industry Mag

Lightsource bp, a global company that specializes in the development and management of solar energy projects, has entered into a purchase agreement with Array Technologies that will supply Lightsource bp’s newly developed solar portfolio of 1.4 GW across the world with DuraTrack HZ v3 single-axis solar trackers equipped with plant optimizing SmarTrack technology.

Lightsource bp expects the agreement to supply and optimize this portfolio of solar power generation projects across growing energy markets worldwide, including the U.S., Australia and Spain.

“As we continue to grow and progress our 16 GW development pipeline, executing global procurement deals with suppliers like Array Technologies enables us to leverage the efficiencies of our scale,” says Nick Boyle, group CEO for Lightsource bp. “This approach further optimizes our projects and translates into competitively priced electricity for our customers. Our agreement with Array Technologies demonstrates the quality of partnerships Lightsource bp invests in.”

DuraTrack HZ v3 is a utility-scale solar tracker that offers over 7% lower lifetime costs for asset owners, as well as 31% lower lifetime operations and maintenance costs than competitive, decentralized trackers. SmarTrack is an advanced machine-learning software platform that boosts energy production and revenues for utility-scale solar sites by up to 5% by rapidly and securely optimizing backtracking and diffuse light strategies.

This agreement builds on a previous deal between Lightsource bp and Array Technologies reached in December 2019 –  an agreement of over $100 million for 1.5 GW of projects across the U.S.

Filed Under: Renewable, Solar

Primary Sidebar

Join The Daily Charge

This week's top 5 stories in your inbox. No spam ever.

Trending

  • SunShare Powers On Colorado Community Solar Project
  • Offshore Wind Market for Jack-Up Interventions on the Rise
  • eia.gov logo EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022
  • Despite Odds Offshore Wind Has ‘Colossal Six Months’
  • BSF Names Orbital EPC in Coal Plant Conversion Projects
  • ALLETE Clean Energy’s Diamond Spring Achieves Commercial Operations
  • RESET Launches Advanced Testing Simulator for Wind Turbines
  • Crowdfunded solar puts Red Lake Nation on a path to energy sovereignty
  • Consortium Receives Funding to Research Feasibility of Renewable Hydrogen
  • GameChange Solar Unveils New BifacialReflector Technology

Footer

Trending

  • SunShare Powers On Colorado Community Solar Project
  • Offshore Wind Market for Jack-Up Interventions on the Rise
  • EIA expects higher wholesale U.S. natural gas prices in 2021 and 2022
  • Despite Odds Offshore Wind Has ‘Colossal Six Months’
  • BSF Names Orbital EPC in Coal Plant Conversion Projects

Recent

  • Quick Tips To A Sustainable Future
  • Stem Provides Smart Energy Storage Solutions to Today’s Power
  • EIA's AEO2021 shows U.S. energy-related CO2 emissions rising after the mid-2030s
  • Homeowners associations still a barrier for some would-be solar customers
  • Commentary: With open standards, U.S. can build EV charging infrastructure faster

Search

Contact Us

Write For Us

  • Email
  • Facebook
  • Twitter

Copyright © 2023 · EnergyNewsDesk.com