Lightsource bp and Pinnacle Financial Partners close $97.9M tax equity deal for Peacock Solar
By Global Infrastructure Sherpa · Oct 14, 2025
Lightsource bp and Pinnacle Financial Partners closed a $97.9 million tax equity deal to finance the 187 MW Peacock Solar project in San Patricio County, TX. This marks the second tax equity transaction between Lightsource bp and Pinnacle.
Deal Analysis
Lightsource bp secured $97.9 million in tax equity financing from Pinnacle Financial Partners for the 187 MW Peacock Solar project in San Patricio County, Texas. This transaction represents a significant investment in utility-scale solar infrastructure and marks the second collaboration between Lightsource bp and Pinnacle Financial Partners, indicating a strengthening relationship. The financing will facilitate the construction and operation of the Peacock Solar project, contributing to the expansion of renewable energy capacity in Texas.
- Sizeable tax equity investment of $97.9 million.
- Supports a 187 MW solar project in Texas.
- Involves Lightsource bp, a major player in renewable energy development.
- Represents a repeat transaction between Lightsource bp and Pinnacle Financial Partners.
Market Context: The US solar market is experiencing substantial growth, driven by federal incentives, declining technology costs, and increasing demand for clean energy. Texas, in particular, is a key market for solar development due to its abundant sunshine and supportive regulatory environment.
Source Intelligence
KEY DETAILS
Lightsource bp has raised over $5 billion in third-party capital to support USA projects. Quote: To date, Lightsource bp has raised over $5 billion in third-party capital to support USA projects.
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Deal Size
$97.9M tax equity deal for Peacock Solar
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Capacity
187 MW Peacock Solar
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Location
Peacock Solar in San Patricio County, TX
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PPA Details
Peacock Solar expected to generate over 360,000 MWh annually to partially power Gulf Coast Growth Ventures’ manufacturing complex.
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Announcement
14 Oct, 2025
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COD
Peacock Solar, which commenced commercial operations in November 2024.
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Expected Close
Lightsource bp and Pinnacle Financial Partners today announced the closing of an $97.9 million tax equity deal
PARTIES MENTIONED IN SOURCE
L
Lightsource bp
developer
"Lightsource bp and Pinnacle Financial Partners announce $97.9M tax equity deal for Peacock Solar"
P
Pinnacle Financial Partners
investor
"Lightsource bp and Pinnacle Financial Partners announce $97.9M tax equity deal for Peacock Solar"
G
Gulf Coast Growth Ventures
buyer
"Peacock Solar expected to generate over 360,000 MWh annually to partially power Gulf Coast Growth Ventures’ manufacturing complex."
E
ExxonMobil
"Gulf Coast Growth Ventures, a joint venture between ExxonMobil and the Saudi Basic Industries Corporation (SABIC)."
S
Saudi Basic Industries Corporation (SABIC)
"Gulf Coast Growth Ventures, a joint venture between ExxonMobil and the Saudi Basic Industries Corporation (SABIC)."
high quality
Enriched Feb 19, 2026
Market Context
This deal is part of the Solar sector in USA.
1 of 452 Solar deals tracked this month · Updated daily
Global Infrastructure Sherpa