Lightsource bp Invites Small Buyers to Join Multi-Buyer Solar PPA in Spain

Lightsource bp Invites Small Buyers to Join Multi-Buyer Solar PPA in Spain

(IN BRIEF) Lightsource bp is facilitating a European multi-buyer corporate power purchase agreement (PPA) for a solar asset portfolio set to be built in Spain in 2024. The global solar developer, with over 35GW of solar projects in development worldwide, is offering smaller energy consumers a chance to join the collective PPA framework. This approach leverages Lightsource bp’s PPA experience to help smaller firms access renewable energy, overcome price volatility, and support solar capacity development. The initiative builds on the success of the company’s first collective PPA in Spain with The Fashion Pact. Interested parties can contact Benji Thomas from the Power Marketing team to express interest in the next collective PPA opportunity.

(PRESS RELEASE) LONDON, 23-Nov-2023 — /EuropaWire/ — Lightsource bp, a global leader in solar development, management and operations, a global leader in renewable energy, is extending an invitation to participants to join a European multi-buyer corporate power purchase agreement (PPA) for a solar asset portfolio slated for construction in Spain in 2024.

As a global solar developer with over 35GW of solar projects in various stages of development worldwide, Lightsource bp boasts substantial experience in the corporate PPA market. The company has successfully negotiated contracts across different scales and industries, catering to local manufacturing firms and multinational technology giants alike.

Smaller electricity consumers often face difficulties in securing long-term renewable power contracts due to their lower energy consumption. In response to this challenge, Lightsource bp has introduced a collective PPA framework aimed at aggregating the demand of smaller energy consumers. Leveraging its expertise in crafting tailored agreements, this initiative empowers smaller firms to overcome price volatility while contributing to climate change mitigation. This model not only simplifies access to renewable energy for these users but also supports the development of new solar capacity.

Zosia Riesner, Director of Power Markets at Lightsource bp, expressed enthusiasm for this opportunity to expand the benefits of solar energy to a wider audience. “This an exciting opportunity to spread the benefits of solar to a wider group of beneficiaries.

“We’ve seen some of the world’s largest businesses using PPAs to benefit from the affordable and predictable pricing of renewables while supporting the energy transition’s continuing momentum. Our collective PPA approach can share those benefits to companies with far lower energy usage while enjoying the scale delivered by a solar portfolio from our 1GW pipeline in late stage of development in Spain.”

This initiative follows Lightsource bp’s inaugural collective PPA in Spain, established with The Fashion Pact.

Interested parties are encouraged to reach out to Benji Thomas from the Power Marketing team to express their interest in participating in the next collective PPA opportunity.

Media contact:
press@lightsourcebp.com

SOURCE: Lightsource bp Renewable Energy Investments Limited