Lightsource bp and Pinnacle Financial Partners announce $97.9M tax equity deal for Peacock Solar in San Patricio County, TX

Lightsource bp and Pinnacle Financial Partners announced the closing of an $97.9 million tax equity deal to finance the 187 MW Peacock Solar in San Patricio County, TX.

This marks the second tax equity transaction between Lightsource bp and Pinnacle, and Pinnacle’s first production tax credit (PTC) equity deal.

To date, Lightsource bp has raised over $5 billion in third-party capital to support USA projects.

“We’re proud to collaborate with Pinnacle Financial Partners on this tax equity deal for Peacock Solar,” said Emilie Wangerman, Lightsource bp Chief Operating Officer and Head of USA. “Our 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.”

“Pinnacle Financial Partners is delighted to participate as a tax-equity investor in the Peacock Solar project developed by Lightsource bp,” said Frank Conley, head of Pinnacle Financial Partners’ solar capital advisory. “This investment builds upon Pinnacle’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.”

Lightsource bp | https://lightsourcebp.com/us

Pinnacle Financial Partners | www.pnfp.com