{"id":476749,"date":"2025-10-14T19:14:17","date_gmt":"2025-10-14T19:14:17","guid":{"rendered":"https:\/\/lightsourcebp.staging.1int.co.uk\/?p=476749"},"modified":"2025-10-14T19:02:34","modified_gmt":"2025-10-14T19:02:34","slug":"lightsource-bp-and-pinnacle-financial-partners-announce-97-9m-tax-equity-deal-for-peacock-solar","status":"publish","type":"post","link":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/lightsource-bp-and-pinnacle-financial-partners-announce-97-9m-tax-equity-deal-for-peacock-solar\/","title":{"rendered":"Lightsource bp and Pinnacle Financial Partners announce $97.9M tax equity deal for Peacock Solar"},"content":{"rendered":"<section class=\"block-page-title bg-color-white\">\n  <div class=\"pt-60 pt-lg-100\"><\/div>\n\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col-12\">\n                <h1 class=\"fg-color-gradient\">$97.9M tax equity deal for Peacock Solar<\/h1>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <div class=\"pt-60 pt-lg-100\"><\/div>\n<\/section>\n  \n\n\n<section class=\"banner-single position-relative\">\n  <div class=\"container-fluid\">\n    <div class=\"row\">\n      <div class=\"col-12 px-0\">\n                <div class=\"position-relative w-100 h-100 aspect-ratio-banner object-fit-cover\">\n          <picture>\n                    <source srcset=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2024\/06\/05235252\/Lightsourcebp_PeacockSolar-e1760137223385-450x171.png, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2024\/06\/05235252\/Lightsourcebp_PeacockSolar-e1760137223385-1000x380.png 2x\"\n                          media=\"(max-width: 575px)\">\n                    <source srcset=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2024\/06\/05235252\/Lightsourcebp_PeacockSolar-e1760137223385-1000x380.png, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2024\/06\/05235252\/Lightsourcebp_PeacockSolar-1920x768.png 2x\"\n                          media=\"(min-width: 576px) and (max-width: 991px)\">\n                    <source srcset=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2024\/06\/05235252\/Lightsourcebp_PeacockSolar-e1760137223385.png, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2024\/06\/05235252\/Lightsourcebp_PeacockSolar-e1760137223385.png 2x\"\n                          media=\"(min-width: 992px)\">\n                    <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2024\/06\/05235252\/Lightsourcebp_PeacockSolar-e1760137223385.png\" alt=\"\"\n                       srcset=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2024\/06\/05235252\/Lightsourcebp_PeacockSolar-e1760137223385.png 2x\"\n                       sizes=\"auto, 100vw\"\n                       class=\"position-absolute w-100 h-100 left-0 top-0 object-fit-cover\"\n                       width=\"1783\"\n                       height=\"677\">\n                <\/picture>\n        <\/div>\n              <\/div>\n    <\/div>\n  <\/div>\n<\/section>\n\n\n<section class=\"text align block_acf-block-68eea4ca25558 block bg-color-white position-relative z-1 overflow-hidden\">\n    <div class=\"pt-60 pt-lg-100\"><\/div>\n\n  \n  <div class=\"container \">\n    <div class=\"row\">\n      <div class=\"col-12\">\n        <span class=\"rich-text standard-text fg-color-navy\">\n          <h2>Lightsource bp and Pinnacle Financial Partners announce $97.9M tax equity deal for Peacock Solar in San Patricio County, TX<\/h2>\n<ul>\n<li>This deal marks second transaction between Lightsource bp and Pinnacle Financial Partners.<\/li>\n<li>To date, Lightsource bp has raised over $5 billion in third-party capital to support USA projects.<\/li>\n<li>Peacock Solar expected to generate over 360,000 MWh annually to partially power Gulf Coast Growth Ventures\u2019 manufacturing complex.<\/li>\n<\/ul>\n<p>Lightsource bp and Pinnacle Financial Partners today announced the closing of an $97.9 million tax equity deal to finance the 187 MW <a href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/project\/peacock-solar\/\" target=\"_blank\" rel=\"noopener\">Peacock Solar<\/a> in San Patricio County, TX.<\/p>\n<p>This marks the second tax equity transaction between Lightsource bp and Pinnacle, and Pinnacle\u2019s first production tax credit (PTC) equity deal.<\/p>\n<p>To date, Lightsource bp has raised over $5 billion in third-party capital to support USA projects.<\/p>\n<p>\u201cWe\u2019re proud to collaborate with Pinnacle Financial Partners on this tax equity deal for Peacock Solar,\u201d said Emilie Wangerman, Lightsource bp Chief Operating Officer and Head of USA. \u201cOur partnership reflects our shared commitment to develop creative, effective capital solutions that support growth and deliver value to all stakeholders. This deal is an important step forward in advancing the renewable energy infrastructure in Texas and across the USA.\u201d<\/p>\n<p>&#8220;Pinnacle Financial Partners is delighted to participate as a tax-equity investor in the Peacock Solar project developed by Lightsource bp,\u201d said Frank Conley, head of Pinnacle Financial Partners\u2019 solar capital advisory. \u201cThis investment builds upon Pinnacle&#8217;s growing relationship with Lightsource bp and reinforces our commitment to supporting clean energy initiatives that benefit local communities, create jobs, and advance a more sustainable future.&#8221;<\/p>\n<h3><strong>About Peacock Solar<\/strong><\/h3>\n<p>Lightsource bp developed, constructed and currently operates Peacock Solar, which commenced commercial operations in November 2024. The 187 MW project directly powers a nearby manufacturing complex owned by Gulf Coast Growth Ventures, a joint venture between ExxonMobil and the Saudi Basic Industries Corporation (SABIC).<\/p>\n<p>During construction, the project created over 300 on-site jobs. Peacock Solar is expected to generate more than $25 million in tax revenue for the local community over 25 years.<\/p>\n<p>The project actively fosters agricultural and biodiversity initiatives, incorporating sheep grazing to enhance land health and ecosystem services. In recognition of this innovative approach, Peacock Solar was awarded the <a href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/lightsource-bp-wins-two-north-american-agrivoltaics-awards\/\">2025 North American Agrivoltaics Award<\/a> for Solar Ranch of the Year.<\/p>\n<h3><strong>About Lightsource bp<\/strong><\/h3>\n<p>Lightsource bp develops and manages utility-scale onshore renewable and energy storage solutions globally. Our purpose is to deliver affordable and sustainable power for businesses and communities around the world. Our team includes over 1,000 industry specialists, working across 19 global regions. We provide full-scope development for our projects, from initial site selection, financing and permitting through to long-term management of projects and power sales to our clients.<\/p>\n<h3><strong>About Pinnacle Financial Partners<\/strong><\/h3>\n<p>Pinnacle Financial Partners provides a full range of banking, investment, trust, mortgage and insurance products and services designed for businesses and their owners and individuals interested in a comprehensive relationship with their financial institution. The firm is the No. 1 bank in the Nashville-Murfreesboro-Franklin MSA, according to 2024 deposit data from the FDIC. Pinnacle is No. 9 on\u00a0FORTUNE\u00a0magazine\u2019s\u00a02025 list of 100 Best Companies to Work For\u00ae in the U.S., its ninth consecutive appearance and was recognized by\u00a0American Banker\u00a0as one of America\u2019s Best Banks to Work For 12 years in a row and No. 1 among banks with more than $10 billion in assets in 2024.<\/p>\n<p>The firm began operations in a single location in downtown Nashville, TN in October 2000 and has since grown to approximately\u00a0$54.8 billion in assets as of June 30, 2025.\u00a0\u00a0As the second-largest bank holding company headquartered in Tennessee, Pinnacle operates in several primarily urban markets across the Southeast.<\/p>\n<p>Additional information concerning Pinnacle, which is included in the Nasdaq Financial-100 Index, can be accessed at\u00a0<a href=\"https:\/\/url.uk.m.mimecastprotect.com\/s\/wuXkCrRjuO1GXYizhJt47Mwf?domain=pnfp.com\">www.pnfp.com<\/a>.<\/p>\n\n        <\/span>\n      <\/div>\n    <\/div>\n  <\/div>\n\n  <div class=\"pt-60 pt-lg-100\"><\/div>\n<\/section>\n\n\n<section class=\"multi-column-cards align block_acf-block-68ee7ab51c96b block bg-color-white\">\n  <div class=\"pt-60 pt-lg-0\"><\/div>\n\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col-12\">\n                  <span class=\"d-flex font-size-navigation font-weight-semi-bold mb-15 text-transform-uppercase letter-spacing-title fg-color-orange\">Recent news from Lightsource bp<\/span>\n                <h3 class=\"mb-35\"><\/h3>\n      <\/div>\n    <\/div>\n    <div class=\"row\">\n                        <div class=\"col-12 col-lg-4 mb-30\">\n  <div class=\"multi-column-cards__image-container\">\n    <a href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/lightsource-bp-wins-two-north-american-agrivoltaics-awards\/\" class=\"d-block w-100 h-100\">\n      <picture><source srcset=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1200x743.jpg 1200w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-300x186.jpg 300w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1024x634.jpg 1024w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-80x50.jpg 80w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-150x93.jpg 150w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-450x278.jpg 450w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-767x475.jpg 767w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1000x619.jpg 1000w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1600x990.jpg 1600w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195.jpg 1920w\" sizes=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/10\/14162028\/Image-19-aspect-ratio-315-195-1200x743.jpg\" alt=\"\" width=\"1200\" height=\"743\"><\/picture>\n    <\/a>\n  <\/div>\n      <p class=\"mt-20 mb-10 font-size-paragraph-small\">15 Aug, 2025<\/p>\n    <a class=\"text-decoration-none text-decoration-sm-underline-hover\" href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/lightsource-bp-wins-two-north-american-agrivoltaics-awards\/\">\n    <h5 class=\"mb-15 fg-color-navy\">Lightsource bp wins two North American Agrivoltaics Awards<\/h5>\n  <\/a>\n      <p class=\"mb-15 line-height-level-6\">Lightsource bp proudly announces receipt of two North American Agrivoltaics Awards: Solar Ranch of the Year and Champion of the Year.<\/p>\n    <p><a href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/lightsource-bp-wins-two-north-american-agrivoltaics-awards\/\">Read Story <span class=\"ml-10\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"8\" height=\"14\" fill=\"none\"><path stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M1 13l6-6-6-6\"\/><\/svg><\/span><\/a><\/p>\n<\/div>\n                  <div class=\"col-12 col-lg-4 mb-30\">\n  <div class=\"multi-column-cards__image-container\">\n    <a href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/lightsource-bp-starts-up-peacock-solar\/\" class=\"d-block w-100 h-100\">\n      <picture><source srcset=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-1200x743.png 1200w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-300x186.png 300w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-1024x634.png 1024w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-80x50.png 80w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-150x93.png 150w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-450x279.png 450w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-767x475.png 767w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-1000x619.png 1000w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195.png 1292w\" sizes=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/01\/23171349\/Untitled-design-2-aspect-ratio-315-195-1200x743.png\" alt=\"\" width=\"1200\" height=\"743\"><\/picture>\n    <\/a>\n  <\/div>\n      <p class=\"mt-20 mb-10 font-size-paragraph-small\">24 Jan, 2025<\/p>\n    <a class=\"text-decoration-none text-decoration-sm-underline-hover\" href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/lightsource-bp-starts-up-peacock-solar\/\">\n    <h5 class=\"mb-15 fg-color-navy\">Lightsource bp starts up Peacock solar project to help power Gulf Coast Growth Ventures facility<\/h5>\n  <\/a>\n      <p class=\"mb-15 line-height-level-6\">187MW project to power local manufacturing facility<\/p>\n    <p><a href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/lightsource-bp-starts-up-peacock-solar\/\">Read Story <span class=\"ml-10\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"8\" height=\"14\" fill=\"none\"><path stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M1 13l6-6-6-6\"\/><\/svg><\/span><\/a><\/p>\n<\/div>\n                  <div class=\"col-12 col-lg-4 mb-30\">\n  <div class=\"multi-column-cards__image-container\">\n    <a href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/10-power-purchase-agreements-signed-and-1-3gw-contracted-in-2024\/\" class=\"d-block w-100 h-100\">\n      <picture><source srcset=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-1200x743.jpg 1200w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-300x186.jpg 300w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-1024x634.jpg 1024w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-80x50.jpg 80w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-150x93.jpg 150w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-450x279.jpg 450w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-767x475.jpg 767w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-1000x619.jpg 1000w, https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195.jpg 1292w\" sizes=\"\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/assets.lightsourcebp.staging.1int.co.uk\/app\/uploads\/2025\/02\/18170226\/GLB-PPA-2024-wrap-up-banner-aspect-ratio-315-195-1200x743.jpg\" alt=\"\" width=\"1200\" height=\"743\"><\/picture>\n    <\/a>\n  <\/div>\n      <p class=\"mt-20 mb-10 font-size-paragraph-small\">19 Feb, 2025<\/p>\n    <a class=\"text-decoration-none text-decoration-sm-underline-hover\" href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/10-power-purchase-agreements-signed-and-1-3gw-contracted-in-2024\/\">\n    <h5 class=\"mb-15 fg-color-navy\">10 Power Purchase Agreements signed and 1.3GW contracted in 2024<\/h5>\n  <\/a>\n      <p class=\"mb-15 line-height-level-6\">Lightsource bp achieved a significant milestone in 2024 by securing 10 power purchase agreements (PPAs) totalling 1.3GW across Europe, the Americas and APAC.<\/p>\n    <p><a href=\"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/news\/10-power-purchase-agreements-signed-and-1-3gw-contracted-in-2024\/\">Read Story <span class=\"ml-10\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"8\" height=\"14\" fill=\"none\"><path stroke=\"currentColor\" stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M1 13l6-6-6-6\"\/><\/svg><\/span><\/a><\/p>\n<\/div>\n                  <\/div>\n  <\/div>\n\n  <div class=\"pt-60 pt-lg-100\"><\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":61,"featured_media":442580,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[92,1131],"tags":[1127,1143],"filter_by":[553,812,1094],"filter_tags":[796],"class_list":["post-476749","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized-us","category-news","tag-peacock-solar","tag-financing","filter_by-press-releases-us","filter_by-our-business","filter_by-news-us","filter_tags-financing"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/posts\/476749","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/comments?post=476749"}],"version-history":[{"count":41,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/posts\/476749\/revisions"}],"predecessor-version":[{"id":476922,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/posts\/476749\/revisions\/476922"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/media\/442580"}],"wp:attachment":[{"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/media?parent=476749"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/categories?post=476749"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/tags?post=476749"},{"taxonomy":"filter_by","embeddable":true,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/filter_by?post=476749"},{"taxonomy":"filter_tags","embeddable":true,"href":"https:\/\/lightsourcebp.staging.1int.co.uk\/us\/wp-json\/wp\/v2\/filter_tags?post=476749"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}