GLOBAL

Lightsource BP appoints Ricardo Folgado as new Structured Finance Director

Lightsource BP, a global market leader in the development, acquisition and long-term management of international large-scale solar projects and smart energy solutions, is pleased to announce the appointment of Ricardo Folgado as its new Structured Finance Director.

Ricardo joins from General Electric, where he spent the last eight years focused on energy finance, holding several roles covering global investor strategy and partnerships, as well as structuring direct investments of both debt and equity and PPAs across various business units. Before General Electric, Ricardo specialised in financial services strategy, first for seven years at Accenture and then for a year at HSBC based in London. He holds a BSc in Finance from Oxford Brookes, a PgDip in Corporate Finance from London Business School and a MSc in (Energy & Trade) Political Economy from Kings College, London. At Lightsource BP, Ricardo will be responsible for structuring investments and PPAs, as well as fundraising.

Commenting on the announcement, Paul McCartie, Lightsource BP Group CIO, said: “Ricardo is a valued addition to the Lightsource BP team, particularly as investors increasingly deploy capital into solar assets. His knowledge of financial services strategy will help us better navigate the market’s shift to unsubsidised renewable energy and deliver on our 6GW growth pipeline in the US, India, Europe and the Middle East.”

Over the last seven years, Lightsource BP has raised over $3 billion in project debt and equity capital, including the largest ever sterling-denominated renewables bond (£245m). In addition, Lightsource BP has recently announced the creation of an Indian private equity fund ($330 million raised) as well as raising $200 million of corporate growth equity capital from BP. Through its partnership with BP, Lightsource BP represents a strategic and powerful partnership between one of the largest energy providers in the world and an industry-leading solar power company. The company has grown to be Europe’s largest utility scale solar photovoltaic developer and operator, with 2GW of solar installations under management.

News

20 Jun, 2024

Lightsource bp publishes 2023 Sustainability Report  

Lightsource bp, a global leader in solar development, is pleased to publish its 2023 Sustainability Report.

Read Story

07 Jun, 2024

Spain: Agrivoltaics workshop held in partnership with the Fraunhofer Institute for Solar Energy

Lightsource bp is ramping up its capabilities to deliver important agrivoltaics projects to support sustainable farming businesses.

Read Story

24 May, 2024

Spain: Collaboration on research project to study Lesser Kestrel habitats

Lightsource bp collaborates with CSIC on research project to study Lesser Kestrel habitat use in Spain.

Read Story

16 May, 2024

Raising the bar for agriculture and solar

In the heart of central France, Lightsource bp is working with a local cattle farmer to develop plans for a new form of agrivoltaic project.

Read Story

14 May, 2024

Agrivoltaics: seamlessly blending solar energy and agriculture

Agrivoltaics, Agri PV, APV, and solar farming – common terms in the solar energy industry, but what do they mean and why are they important?

Read Story

13 May, 2024

Emilie Wangerman appointed Chief Operating Officer USA

Lightsource bp is pleased to announce the appointment of Emilie Wangerman as our Chief Operating Officer (COO) of the United States and member of our executive team.

Read Story

13 May, 2024

New office opening in Poland

Lightsource bp has opened a new office in the centre of Warsaw to support the company’ s growing team and expanding portfolio in Poland.

Read Story

09 May, 2024

Sowing seeds of sustainability: Our approach to supporting pollinators and agriculture

Lightsource bp firmly believes that renewable energy and environmental stewardship go hand in hand.

Read Story

08 May, 2024

How AI can help accelerate a renewable-powered future

Global solar capacity additions in 2023 alone were over 440GW, more than the entire installed power capacity of Germany and Spain combined.

Read Story

02 May, 2024

Renewable energy demand is set to surge, here’s four reasons why

As global demand is expected to double by 2050, we are shifting towards an increasingly electrified future.

Read Story