From millions to billions – why finance is key to delivering a low-carbon future
A few months ago, we announced our partnership with 10 major global banks, including CIBC, to provide a $1.8 billion credit facility, to allow us to meet our ambition to deliver 25GW of solar by 2025.
Our Group CEO, Nick Boyle features in CIBC’s Vision 2045 video campaign. Vision 2045 is a campaign which entails a series of documentaries that aims to inspire businesses and people to take collective action to ensure a better future for all, aligned with the UN Sustainable development goals.
“If we’re going to tackle the climate emergency, we need to redefine business as usual,” explains Nick Boyle, Group CEO, Lightsource bp. “We need to shift from the concept of gigawatts to terawatts. We need to shift from talking in terms of millions of investment to billions.”
“The appetite for lenders to support renewable energy projects has noticeably increased — which is essential if the renewable energy industry is collectively going to deliver enough energy to support decarbonising our energy supplies,” continues Nick.
“Solar provides long-term predictable returns that are extremely attractive for investors; we know that the sun will come up — creating an annuity of predictable generation.”
Watch the video below to see why partnering with large financial institutions drives scale and pace – allowing us to urgently develop projects that deliver a low-carbon future.
23 Feb, 2024
Cultivating success: Lightsource bp’s vibrant growth in Taiwan through cultural adaptability
Lightsource bp’s Taiwan team organised a lunar year-end appreciation gathering in the town of Budai in Chiayi County, the very site of its pioneering fishery solar project.
21 Feb, 2024
Lightsource bp completes $348 million financing package for two utility-scale solar projects in Texas
Financing secured for two new Texas solar farms
12 Feb, 2024
Lightsource bp receives Investment Award for its contribution to renewable energy growth in Greece
Lightsource bp, global leader in the development and management of solar energy projects, has been awarded the Investment Award at the UK-Greek Business Awards.