Lightsource bp Purchases 703 MW Spanish Solar Projects

• Europe's largest solar developer Lightsource bp has actually invested 475 million euros (USD 566 million) to acquire a pipeline of three solar projects in Spain from Spanish business Grupo Jorge.

The 3 projects amounting to 703 MW are located in Aragon. Aragon is a landlocked region in northeastern Spain making up the provinces of Huesca, Zaragoza, as well as Teruel. 2 of them lie in Zaragoza with a generation capability of 292 MW as well as 130 MW, as well as the 3rd project with a generation capability of 281 MW lies in Huesca.

The 3 brand-new projects in the northeastern region of Aragon are expected to start building and construction by the next year, the company said, including it will look for customers to strike power purchase agreements for the electricity the websites will generate.

Spain is rapidly increasing its renewable energy portfolio mostly in solar, helping attract leading programmers.

With this recent purchase in Spain, Lightsource bp has established a solar portfolio in the country of greater than 3 GWs, which has been developed primarily this year with co-development collaborations with RIC Energy and Iberia Solar. Lightsource bp declares to have actually created 2.6 GW out of 3 GW in just 6 months and with a typical project size of 200MW (including collections).

Out of 3 projects, the conclusion of the very first project located at Zaragoza is expected very soon, according to the firm. Additionally, there's likewise an expectation of bringing one more 148.5 MW to construction this year as well as enhance the job opportunities with full-time placements.

Lightsource bp claimed that it will create around 1000 jobs with these solar projects as well as to become part of a power purchase agreement (PPA) with off-takers for the tidy energy generated by these projects.

In the very same month, the firm improved its solar power in Italy by getting 3 projects from Horizon Firm, a trusted programmer concentrated on solar, completing 156MWp throughout the country.