Lightsource bp Secures 845MW Solar Pipeline in Spain
Leader in the development and management of solar energy projects Lightsource bp announced the acquisition of an 845 megawatt solar portfolio in
Leader in the development and management of solar energy projects Lightsource bp announced the acquisition of an 845 megawatt 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 was advised by Uría Menéndez, Garrigues and WSP and Iberia Solar was advised by Ontier.
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 auction in Spain, both made public in January.