McDonald's Signs Up for Power from Louisiana's Largest Solar Project
McDonald’s has signed a virtual power purchase agreement with Lightsource bp’s Ventress Solar Farm, a $300 million, 1,800-acre solar farm to be built in Pointe Coupee Parish, Louisiana. When the 345-megawatt Ventress Solar Farm is fully online in 2023, it will be Louisiana’s largest solar project.
McDonald’s has said working with Lightsource will help the company meet its renewable energy and sustainability goals. The Baton Rouge Area Chamber estimates the Ventress Solar Farm will provide a $30 million dollar boost to Pointe Coupee Parish government agencies in revenue over the next 35 years and have an indirect economic impact of over $200 million.
Ballard Spahr partner Raymond W. Faricy III led negotiations on behalf of McDonald’s. Mr. Faricy is a member of the firm’s Business and Transactions Department and its Energy and Project Finance practice groups.
For further information, please visit bp’s press release.
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