{"id":108095,"date":"2023-05-06T08:47:00","date_gmt":"2023-05-06T08:47:00","guid":{"rendered":"https:\/\/lightsourcebp.staging.1int.co.uk\/?post_type=project&p=108095"},"modified":"2025-11-11T01:08:20","modified_gmt":"2025-11-11T01:08:20","slug":"briar-creek-solar","status":"publish","type":"project","link":"https:\/\/lightsourcebp.staging.1int.co.uk\/br\/project\/briar-creek-solar\/","title":{"rendered":"Briar Creek Solar"},"content":{"rendered":"
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Briar Creek Solar | 153MW in Texas <\/h1>\n <\/div>\n <\/div>\n <\/div>\n\n
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Innovative power contract for solar project in the Dallas-Fort Worth region<\/h2>\n\n <\/span>\n <\/div>\n <\/div>\n <\/div>\n\n
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About the Briar Creek Solar project<\/h2>\n

Lightsource\u202fbp\u2019s\u202f153 megawatt\u202fBriar Creek solar farm in Navarro County, Texas, finished construction and entered full commercial operation at the end of 2021.\u202fThe electricity generated by the project is contracted under a\u202f<\/span>proxy generation power purchase agreement (pgPPA)<\/span><\/b><\/a>\u202fwith the Capital Solutions unit of Allianz Global Corporate & Specialty (AGCS), in partnership with Nephila Climate. The project generates affordable renewable electricity that provides local economic benefits to the Dallas Fort Worth area.<\/span>\u00a0<\/span><\/p>\n

A pgPPA is similar to a virtual PPA, except it settles energy on proxy generation rather than metered generation. Proxy generation is an hourly index that specifies the volume of energy that a project would have produced if it had been operated as specified by the developer or owner. This innovative renewable energy contract structure is intended to manage weather-related supply and volume risk.\u202f<\/span>\u00a0<\/span><\/p>\n

Lightsource bp is committed to being a long-term partner of the local communities in the Dallas Fort Worth area. Briar Creek is expected to generate $19.7 million in property tax revenue for Navarro County over its life, benefiting local schools and other community public services. Additionally, this solar project created about 250 jobs during construction and was part of a\u202f<\/span>multi-project financing package<\/span><\/b><\/a>\u202fwhich brought\u202f$380 million\u202fof private capital investment in energy infrastructure for Texas.\u202f\u202f<\/span>\u00a0<\/span><\/p>\n\n <\/div>\n <\/div>\n

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News & announcements<\/h4>\n

$380M financing complete and construction mobilized on 316MW of solar in Texas<\/a><\/p>\n

New power contract signed with Allianz Global Corporate & Specialty for 153MW solar project in Texas<\/a><\/p>\n\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n

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153MW\u1d05\u1d04<\/h3>\n

\/127MW\u1d00\u1d04 home-grown renewable energy<\/p>\n <\/div>\n

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27,600 homes<\/h3>\n

powered with renewable energy (equivalent)<\/p>\n <\/div>\n

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250<\/h3>\n

jobs created during construction, supporting local workers <\/p>\n <\/div>\n

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$19.7M<\/h3>\n

to local government agencies in revenue over the project's lifetime<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n\n

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Site selection & preliminary design<\/p>\n <\/div>\n

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Final engineering, financing & construction<\/p>\n <\/div>\n

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Community support: Social & environmental benefits for Texas<\/h2>\n

The project is bringing numerous social and environmental benefits to Texas communities, in addition to improving air quality by reducing carbon dioxide emissions from electricity generation.<\/span>\u00a0<\/span><\/p>\n