Lightsource BP, a global renewable energy development firm, has raised £150 million in debt financing from Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor. The funds will be utilised to finance a portfolio of solar assets owned and managed by Lightsource BP.
The funds will initially be used to finance a diversified portfolio consisting of over 100 solar projects located across various countries and totalling more than 700 MW. Over time, the facility could expand with further investment from CDPQ funding assets developed through the Lightsource BP pipeline.
Recently, Lightsource BP completed its first utility-scale solar project in India. The project has been developed in Wagdari, located in the state of Maharashtra.
Earlier, Lightsource BP and investment firm Everstone Group have teamed up to create a fund management platform called EverSource Capital for the development of green energy infrastructure in India.