Global solar leader Lightsource bp supports renewable growth in Spain with major project sale

Global solar leader Lightsource bp supports renewable growth in Spain with major project sale. Image: Lightsource bp

(PRESS RELEASE) MADRID, 19-Jan-2023 — /EuropaWire/ — Lightsource bp, a leading investor in the energy sector and an equal joint venture between Lightsource and bp, announced on January 19, 2023 that it has agreed to sell its 247MW solar photovoltaic (PV) project to independent renewable energy investors Plenium Partners and Bankinter Investment. The project, a five-project cluster located in Aragón, Spain, has been in operation since 2021 and is one of Southern Europe’s largest renewable portfolio owners.

The sale of the project demonstrates Lightsource bp’s capability to invest in, deliver, and construct quality solar sites that can support the renewable growth ambitions of investors, utilities, and other asset owners. Despite the COVID-19 pandemic, Lightsource bp’s team and presence in Spain has continued to grow at a rapid pace, reaching over 130 team members last year and a project development pipeline of over 4 gigawatts.

Plenium Partners and Bankinter Investment purchased the portfolio through various alternative-investment vehicles participated by Bankinter’s private banking and institutional clients. Kareen Boutonnat, CEO for EMEA and APAC at Lightsource bp, said, “Transactions like these demonstrate our strong credentials in delivering quality constructed and operational assets as a trusted partner, supporting the renewable ambitions of Plenium Partners and Bankinter Investment. In Spain, Lightsource bp continues to move at pace to further progress our gigawatt-scale project development portfolio and the growth of solar required to deliver on national targets”.

The transaction was advised by EY as financial advisor and Uría Menéndez as legal advisor for Lightsource bp, and Gómez-Acebo & Pombo was appointed as Plenium and Bankinter’s legal advisor. This sale furthers Lightsource bp’s efforts to progress their gigawatt-scale project development portfolio and the growth of solar required to meet national targets in Spain.

Media contact:
press@lightsourcebp.com

SOURCE: Lightsource bp Renewable Energy Investments Limited

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