Lightsource bp Gets 845 MW Solar Portfolio in Spain

Feb 16, 2021 12:08 PM ET
  • Lightsource bp has actually introduced the purchase of an 845 MW solar portfolio in Spain from Iberia Solar

Lightsource bp, a worldwide leader in the development as well as administration of solar energy projects, has revealed the acquisition of an 845 megawatt (MW) solar portfolio in Spain from Iberia Solar, a regional solar designer as well as part of the Asterion Energies platform, a portfolio company of Asterion Industrial Partners.

Lightsource bp and also Iberia Solar will work in collaboration to bring the project pipeline, which includes five sites across the regions of Castilla la Mancha as well as Castilla y León, to "ready-to-build" standing. Lightsource bp will after that lead the projects to economic close and begin building and construction in 2022.

The signing of this partnership brings Lightsource bp's complete procurements for Q1 2021 to over a huge 1.9 GW, with the for the company just starting. The announcement adheres to the procurement of a 1.06 GW portfolio from RIC Energy and also the recent honor at a 12-year Contract for Distinction (CfD) public auction in Spain, both revealed in January.

Kareen Boutonnat, Chief Executive Officer of Europe and also International at Lightsource bp claimed "this bargain brings our complete purchases to virtually 2 GW in 2021 alone. This is a clear demo that we came below to remain, as well as we remain in a superior placement to consolidate our footing in Spain even additionally this year. Our Madrid-based group is presently Lightsource bp's fastest-growing mainland European operation, and also we're actively recruiting to build out our existence. We expect collaborating with Iberia Solar as our collaboration allows us to continue to expand on our passion of supplying budget-friendly and sustainable solar power for services and neighborhoods in Spain."

The current statement shows Lightsource bp's ability as a co-development companion, leveraging its knowledge in creating, financing, having as well as building solar possessions, in addition to the team's capability to work with various companions under several frameworks. It also marks a considerable milestone in the company's commitment to playing a leading role in the power market in Spain. The group currently has an overall of 2.25 GW of projects in development or under construction in Spain, offering of a geographically balanced portfolio in among its essential development markets.

Erik Martel and also Ignacio Martínez, owners of Iberia Solar, better included that "this brand-new collaboration with Lightsource bp represents a transformational purchase for Iberia Solar and our pipe of solar projects in Spain, attained with the support of Asterion as well as their idea in our business version. Having nurtured these five certain projects of 845 MW from conception to being given admission right into the final allowing procedure is a testament to the success of such strategy and we look forward to supplying them at ready-to-build in no time."

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