Major Tax Equity Deal Secured for Peacock Solar Project

October 14, 2025 - 19:27

Lightsource bp and Pinnacle Financial Partners today announced the closing of a substantial $97.9 million tax equity deal aimed at financing the 187 MW Peacock Solar project located in San Patricio County, Texas. This significant investment is expected to bolster the growth of renewable energy in the region, contributing to a more sustainable energy landscape.

The Peacock Solar project is designed to harness the abundant solar resources of Texas, providing clean energy to the local grid and helping to reduce carbon emissions. With a capacity of 187 megawatts, the project is poised to power thousands of homes, showcasing the potential of solar energy as a viable alternative to traditional fossil fuels.

This partnership between Lightsource bp and Pinnacle Financial Partners reflects a growing trend in the financial sector to support renewable energy initiatives. The tax equity financing will not only facilitate the development of the project but also stimulate economic growth and job creation in the area, further enhancing the benefits of renewable energy investments.