BP plc: Lightsource bp’s Spanish pipeline reaches 3 GW in less than two years


Madrid – Lightsource bp, a world leader in the development and management of solar energy projects, continues its rapid expansion across Europe with another acquisition of projects in Spain from the energy arm of Grupo Jorge for a total of 703 MW.

Grupo Jorge is an important industrial group in Spain and one of the most important in Aragon, employing more than 4,200 people. Its energy arm, Jorge Energy, includes both operational and development assets in wind and solar technologies, including a team with in-depth knowledge of local project development.

This latest acquisition in Spain brings Lightsource bp’s project development pipeline in the country to over 3 GW, which was primarily established this year through co-development partnerships with RIC Energy and Iberia Solar.

“Building quality and trusted local partnerships is essential for our progress in Spain and we look forward to increasing our investments and activities in the region. Solar developments offer many additional opportunities for economic growth, skills development and biodiversity enhancement and we will work with stakeholders and local communities to further shape our plans and bring these projects online.

Fernando Roger, Country Manager of Lightsource bp for Spain

This latest acquisition consists of three projects based in Aragon, two in Zaragoza (292MW and 130MW) and the third (281MW) in the province of Huesca, which Lightsource bp will put under construction next year. This agreement also builds on Lightsource bp’s growing presence in Aragon, with around 1.1 GW of projects in various stages of development or construction and in operation.

Lightsource bp will engage with buyers to enter into power purchase agreements (PPAs) for the solar power that will be generated. PPAs provide opportunities for large businesses and energy-intensive industries to manage the price of electricity, reduce carbon emissions, and meet sustainability goals.

Spain leads the way for Lightsource bp’s European execution machine

The company’s local team has developed a pipeline of 3 GW projects at a remarkable rate with 2.6 GW acquired in less than six months. With an average project size of 200 MW (clusters included), Lightsource bp continues to show its value as a trusted and strategic partner to local developers and investors in Spain. With the announcement of the completion of its first flagship project in Zaragoza [the Vendimia cluster] expected very soon, Lightsource bp also hopes to start building an additional 148.5 MW this year and recruit for 30 additional full-time positions.

Lightsource bp Country Head for Spain Fernando Roger said:

“Building quality and trusted local partnerships is essential for our progress in Spain and we look forward to increasing our investments and activities in the region. Solar developments offer many additional opportunities for economic growth, skills development and biodiversity enhancement and we will work with stakeholders and local communities to further shape our plans and bring these projects online.

Solar offers opportunities for land use and biodiversity

Biodiversity initiatives are being prepared to help integrate solar project areas into the local ecosystem, current site designs will include a vegetation restoration plan to invigorate the local ecosystem and increase native biodiversity. Specially designed perimeters would allow small mammals to freely cross the territory in complete safety. Bird flight deflectors have been proposed to help create a safe environment for birds in the vicinity.

During the past three weeks Lightsource bp has also announced a Investment plan of 900 million euros for Portugal and a major win in record-breaking Greece auction. To learn more about Lightsource bp and the company’s activities in Spain, visit www.lightsourcebp.com/es

Warning

BP plc published this content on June 18, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on 19 Jun 2021 04:18:05 PM UTC.


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