Lightsource bp receives first ‘green light’ to advance large-scale solar project in Portugal
Lightsource bp has received its first positive Environmental Impact decision on one of its advanced large-scale solar projects in Portugal.
The Paiva solar project is being developed in partnership with municipalities and local communities. When constructed, it will provide a total power output of over 260 Megawatts-Peak, enough sustainable power for over 100,000 local homes annually.
The study concluded that the project will bring positive impacts to:
- The environment
- Job creation in the region
- Diversification of the country’s energy sources
- Support the country’s commitments to renewable energy and reducing greenhouse gas (GHG) emissions
Lightsource bp’s investment into this project extends beyond solar development to include supporting local services, improvements to infrastructure, biodiversity management and preservation, promotion of cultural heritage and development of local community initiatives.
About Lightsource bp in Portugal
Advancing climate goals and the green hydrogen agenda
Lightsource bp first announced its move into Iberia in 2018, opening an office in Lisbon with a local team in 2019. Under the leadership of Country Head, Miguel Lobo, the team in Portugal have built a project development pipeline of 1500MW and continue to explore further opportunities.
The team are also in active partnership with Portuguese gas utility Dourogás, and have agreed a unique green hydrogen joint venture to invest in solar and hydrogen infrastructure in Portugal.
Read our Portugal news features
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.