Lightsource bp and Array Technologies sign purchasing agreement

Lightsource bp has entered into a purchasing agreement with Array Technologies to supply Lightsource bp’s newly built 1.4GW solar portfolio worldwide with DuraTrack HZ v3 single-axis solar trackers equipped with SmarTrackTM optimizing plant technology.

When installed and connected, this newly added solar capacity would produce enough combined renewable electricity to power more than 266,000 households.

Lightsource bp expects the agreement to deliver and leverage this portfolio of solar power generation projects across increasing energy markets worldwide, including the United States, Australia and Spain.

DuraTrack HZ v3 is a utility-scale solar tracker offering more than 7 percent lower lifetime costs for asset owners, as well as 31 percent lower lifetime and maintenance costs than competitive, decentralized trackers.

SmarTrack is a machine-learning software framework that improves energy output and revenues for solar power plants by up to 5 percent by easily and reliably optimizing backtracking and diffuse lighting strategies.

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

“As we continue to grow and progress our 16GW development pipeline, executing global procurement deals with world class suppliers like Array Technologies enables us to leverage the efficiencies of our scale. 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.”

Nick Boyle, group CEO for Lightsource bp.

“Array’s ongoing collaboration with Lightsource bp has given us insight into how efficiently they prepare and plan. Their management team takes the long view on solar and invests at scale in proven technology – to deliver low energy costs for their clients over the full lifetime of a solar project. This customer-centric approach, with a focus on lowering long-term operations expenses, is exactly how we deal with our clients.”

Jim Fusaro, CEO for Array Technologies.