Lightsource BP announced that it has closed on a US$376 million multi-project financing package in the US, and has also begun construction on a pair of solar projects set to total more than 460MW.

The 293MW Sun Mountain solar project is set to be located in Pueblo, Colorado, and the 173MW Bellflower solar project is set to be constructed about 40 miles east of Indianapolis in Henry and Rush Counties, Indiana. While a full project timeline is not available for the Sun Mountain solar project, the Bellflower solar project is expected to be completed in 2022.

The two projects each have power purchase agreements (PPA) in place. Sun Mountain’s PPA is with Xcel Energy, a utility with service in Colorado, and will complement Xcel Energy’s broader Colorado Energy Plan to deliver 55% renewable energy to the grid and reduce carbon emissions by 60% by 2026.