Lightsource BP sells 247 MW solar project portfolio in Spain

Lightsource BP, a British solar energy company, has secured an agreement to sell its 247MW solar photovoltaic (PV) project cluster in Aragón, Spain. The solar PV cluster consists of five installations in the Spanish province of Aragón that have been in operation since 2021. For an undisclosed price, these projects were sold to independent renewable energy investors Plenium Partners and Bankinter Investment. The agreement intends to assist the investors in growing their portfolio of renewable energy sources in Southern Europe. Bankinter Investment is a subsidiary of Bankinter, Spain’s fourth largest bank by stock market value.

Plenium and Bankinter stated to have acquired the solar portfolio through a number of alternative investment vehicles in which Bankinter’s institutional and private banking clients had invested. The sale, according to Lightsource BP, proves its capacity to invest in, deliver, and build solar sites that can support the aims of investors, utilities, and other asset owners for renewable growth. Plenium and Bankinter’s legal representation was provided by Gómez-Acebo & Pombo, and the company appointed EY as its financial adviser and Ura Menéndez as its legal adviser for the transaction. Lightsource BP has added more than 4 GW of projects to its development pipeline in Spain during the past four years. In 2021 , the company employed more than 130 individuals across the country.

In December 2022, LightSource bp sold five utility-scale solar photovoltaic (PV) projects in the UK, totaling 300 MW, to renewable energy supplier Sonnedix. By 2024, the projects, which are spread out across several UK areas, should be operational. The solar portfolio is anticipated to provide over 300 GWh of renewable energy during its first year of operation, replacing more than 57,000 tonnes of carbon emissions annually. No financial details were disclosed. With the agreement, Sonnedix’s capacity in the UK would increase to 500 MWp, making it one of its major markets in Europe.