Follow us:
Subscribe to our newsletter

logo

  • Energy
  • Construction
  • Resources
  • Agriculture
  • Projects
  • Products and Services
  • Events
  • Online Magazine
  • Advertise
  • Contact
Home
  • Energy
  • Construction
  • Resources
  • Agricultutre
  • Projects
  • Products
  • Events
  • Online Magazine
  • Advertise
  • Contact

Lightsource bp secures a new 845MW pipeline in Spain

17 Feb, 2021
8
Image courtesy of Lightsource bp.

Lightsource bp has announced the acquisition of an 845 megawatt (MW) solar portfolio in Spain from Iberia Solar, a local ‎solar developer and part of the Asterion Energies platform, a portfolio company of Asterion Industrial ‎Partners. Asterion is an independent investment management firm focusing on infrastructure investments in ‎the European mid-market.

Lightsource bp and Iberia Solar will work in partnership to bring the project pipeline, which consists of five ‎sites across the regions of Castilla la Mancha and Castilla y León, to “ready-to-build” status. Lightsource bp ‎will then lead the projects to financial close and begin construction in 2022.‎

Lightsource bp said that the announcement further demonstrates the company’s capability as a co-development partner, ‎leveraging its expertise in developing, financing, contracting and constructing solar assets, as well as the ‎team’s ability to work with different partners under multiple structures.

It also marks a significant milestone ‎in Lightsource bp’s commitment to playing a leading role in the energy market in Spain. The team now has a ‎total of 2.25 gigawatts (GW) of projects in development or under construction in Spain.

The signing of this partnership brings Lightsource bp’s total acquisitions for Q1 2021 to over 1.9GW, an ‎impressive achievement with the year only just underway. The announcement follows the acquisition of a ‎‎1.06GW portfolio from RIC Energy and the recent award at a 12-year Contract for Difference (CfD) auction ‎in Spain, both made public in January.

Kareen Boutonnat, CEO of Europe and international at Lightsource bp, commented that this deal brings their ‎total acquisitions to almost 2GW in 2021 alone.

“This is a clear demonstration that we came here to stay, and ‎we are in an outstanding position to consolidate our foothold in Spain even further this year,” Boutonnat said.

“Our Madrid-‎based team is currently Lightsource bp’s fastest-growing mainland European operation, and we’re actively ‎recruiting to build out our presence.”

“We look forward to working with Iberia Solar as our partnership enables ‎us to continue to expand on our ambition of providing affordable and sustainable solar power for businesses ‎and communities in Spain,” Boutonnat commented.

Jesus Olmos, CEO of Asterion Industrial Partners, said: “As part of our asset rotation strategy within the ‎Asterion Energies platform with over 4.5GW under development, we are delighted to have gained the trust ‎of a highly reputable counterparty in Lightsource bp and look forward to working alongside them and Iberia ‎Solar in delivering this high-quality PV portfolio in Spain.”‎

Erik Martel and Ignacio Martínez, founders of Iberia Solar, added: “This new partnership with ‎Lightsource bp represents a transformational transaction for Iberia Solar and our pipeline of solar projects in ‎Spain, achieved with the backing of Asterion and their belief in our business model.”

“Having nurtured these ‎five particular projects of 845MW from conception to being granted admission into the final permitting ‎process is a testament to the success of such strategy and we look forward to delivering them at ready-to-‎build in short order.”‎

Lightsource bp was advised by Uría Menéndez, Garrigues and WSP and Iberia Solar was advised by Ontier.‎

Related Articles

BHP, Oldendorff and GoodFuels complete marine biofuel trial in Singapore

Australian Thermal Energy Association

Australian PV Institute

AUSTRALIAN SOLAR COUNCIL

Comments

Leave a comment Cancel reply

You must be logged in to post a comment.

Latest Posts

  • Energy
  • Construction
  • Resources
  • Agriculture
20 Apr

Solar energy key to clean drinking water

19 Apr

Report finds positive outlook for investment in Australian renewables

16 Apr

Facebook’s global operations now supported by 100 per cent renewable energy

16 Apr

ETU warns of solar farm site conditions

16 Apr

Peruvian Government turns to renewables as it seeks to reduce GHG emissions

19 Apr

NABERS Sustainable Portfolios Index 2021 now published

19 Apr

AI pinpoints local pollution hotspots using satellite images

12 Apr

Transforming crop and timber production could reduce species extinction risks

26 Mar

NT Government takes step towards creating more energy-efficient buildings

17 Mar

Australian researchers develop sustainable housing insulation material

20 Apr

Carbon neutrality goal forces Chinese aluminium smelters away from coal power

16 Apr

MMA Offshore and Worley sign MOU to target offshore wind market

15 Apr

Study suggests COVID-19 is leading Aussies to adopt more sustainable behaviour

12 Apr

Technology is opening the door for the safe use of hydrogen in aviation sector

08 Apr

FNM, ENI join forces to decarbonise transport

16 Apr

How weeds fight back just like cancer cells

16 Apr

Wetland classroom recognised for research and innovation

14 Apr

A new drought resilience adoption and innovation hub for Tasmania

12 Apr

Researchers discover that bacteria can help plants to grow better

06 Apr

Pests wreak economic carnage of US$1.28 trillion

Online Magazine

    Current Cover
  • Login
  • Subscribe

Subscribe

Subscribe to our newsletter

Our Other Titles

  • Home
  • Contact Us
  • Terms and Conditions
  • Privacy
© Sage Media Group 2021 All Rights Reserved.
×
Authorization
  • Registration
 This feature has been disabled
 This feature has been disabled until further notice, however you may still register
×
Registration
  • Autorization
Register
* All fields required