Spain with more solar energy investments from Lightsource BP

GO ECO GREEN21

Photo by Pixabay on Pexels.com

Lightsource BP, a global leader in the development, financing and operation of solar power projects announced today that it has signed a senior debt facility with NatWest Markets to fund its first Spanish solar project cluster of 250 MW in the province of Zaragoza. Once operational the cluster will be one of Spain’s first few utility scale subsidy-free projects.

Lightsource BP moved into the Spanish energy market just over a year ago, and this announcement cements the company’s position locally. Having only acquired this portfolio early autumn, Lightsource BP has managed to secure financing for its first Spanish project in just a few months along with a 7-year Power Purchase Agreement (PPA) with BP’s European Gas and Power (EGP) Business, which is part of the Group’s supply and trading business, for the entire 250MW. A report carried out by Go Eco Green21 states that the…

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