Lightsource BP offloads 247MW Spanish solar

Jan 19, 2023 04:18 PM ET
  • Developer has actually agreed deal for an asset in Aragón including five operational PV installations
Lightsource BP offloads 247MW Spanish solar
Image: Lightsource BP

Lightsource BP has agreed the sale of a 247MW cluster of solar projects in Spain to independent renewable energy financier Plenium Partners and Bankinter Investment.

The asset comprises five solar installments in Aragón and has actually functioned since 2021.

Plenium has closed the transaction along with Bankinter Investment, the investment banking subsidiary of Bankinter, the fourth largest Spanish bank by securities market value.

The value of the transaction has not been revealed.

Plenium and also Bankinter have completed the purchase of the portfolio via various alternative-investment vehicles took part by Bankinter's personal banking and also institutional clients.

Kareen Boutonnat, CEO for EMEA and also APAC at Lightsource BP, stated: "Transactions like these demonstrate our strong qualifications in supplying quality constructed and also operational assets as a trusted partner, sustaining the eco-friendly aspirations of Plenium Partners and Bankinter Investment.

" In Spain, Lightsource BP continues to move at pace to additional development our gigawatt-scale project growth portfolio as well as the growth of solar called for to provide on national targets."

EY was selected as monetary advisor and Uría Menéndez as legal advisor by Lightsource BP for the deal.

Gómez-Acebo & Pombo was designated as Plenium and also Bankinter's lawful advisor.

Over the last 4 years Lightsource BP has actually grown its business in Spain, getting to over 130 staff member last year with an advancement pipe of over 4GW.

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