Lightsource BP to co-develop 400MWp of solar capacity in Italy

• The firm plans to additional bolster its presence in the Italian renewable sector through these collaborations.

Lightsource BP, a joint venture in between Lightsource and also BP, has actually signed agreements with 2 Italian companies for the advancement of 400MWp well worth of solar (PV) projects in Italy.

The company authorized the very first agreement with engineering company Solar IT for the advancement of 200MWp of PV capacity in Veneto, Piedmont, Emilia-Romagna, Friuli Venezia Giulia as well as Lombardy.

The second agreement is with TEP Renewables' Italian arm for the joint development of a 200MW PV project pipe situated in north-central Italy and also on the country's two largest islands, Sicily and Sardinia.

Of the pipe's total capacity, 163MW has been recognized and also is expected to find online over the following two years.

Lightsource BP Italy country head Giovanni Mascari stated: "We have actually functioned intensively to create a solid portfolio of solar projects in Southern Italy.

" Currently our team believe that the time has involved boost our passions as well as broaden to the rest of the nation, beginning our activities in Northern Italy.

" The North provides several opportunities linked above all to an extra streamlined authorisation process and also the possibility of safeguarding power purchase agreements (PPAs).

" We plan to take these opportunities as well as continue to strengthen relationships with regional developers, institutions as well as neighborhoods."

The business will likewise concentrate on integrating solar energy centers with power storage space systems to make the national electrical energy grid a lot more flexible.

Through these collaborations, Lightsource BP means to additional bolster its presence in the Italian renewable market by exploring new opportunities in Central and also Northern Italy.

Mascari added: "Lightsource BP's experience in creating land-specific projects, for example, through the execution of agrovoltaic initiatives, the setup of transmission lines, in addition to control deal with multiple companions, will permit us to supply sustainable and inexpensive solar energy to business as well as areas of nearly all of Italy."

In October last year, Lightsource BP signed an offer to co-develop a 757MWp solar portfolio in Poland.