Spanish pipeline reaches 3GW in less than two years
Rapid expansion in Spain continues with three solar portfolio acquisitions completed in less than six months
- 703MW across three projects in Aragon
- €475 million local investment and 1000 jobs could be realised through this deal
- Lightsource bp’s local team has grown a 2.6GW solar development pipeline in less than six months through strategic partnerships, in addition to the 400MW that are built or in construction
18 June, 2021, Madrid – Lightsource bp, a global leader in the development and management of solar energy projects, continues its rapid expansion across Europe with another project pipeline acquisition in Spain from Grupo Jorge’s energy arm totalling 703MW.
Grupo Jorge is an important industrial group in Spain and one of the largest in Europe, employing over 5000 people. Its energy branch, Jorge Energy includes both operational and development assets across wind and solar technologies, including a team with deep knowledge in developing local projects.
This latest acquisition in Spain takes Lightsource bp’s project development pipeline in the country to over 3GW, which has been mainly established this year through co-development partnerships with RIC Energy and Iberia Solar .
This latest acquisition consists of three Aragon-based projects, two in Zaragoza (292MW and 130MW) and the third (281MW) in the Huesca province, which Lightsource bp will bring to construction next year. This deal also builds on Lightsource bp’s growing presence in Aragon specifically with around 1.1GW of projects at various stages of development or construction and in operation.
Lightsource bp will be engaging with offtakers to agree power purchase agreements (PPAs) for the solar electricity that will be generated. PPA’s provide opportunities for large corporations and energy intensive industries to manage their electricity price, reduce carbon, and meet sustainability goals.
Spain leads the way for Lightsource bp’s European execution machine
The company’s local team have developed a 3GW project pipeline at remarkable pace with 2.6GW acquired in less than six months. With an average project size of 200MW (including clusters), Lightsource bp continues to showcase its value as a trusted and strategic partner to local developers and investors in Spain. With the announcement of completing its first flagship project in Zaragoza [the Vendimia cluster] expected very soon, Lightsource bp also hopes to bring another 148.5MW into construction this year and recruit for an additional 30 full-time positions.
Lightsource bp’s Country Head for Spain, Fernando Roger said: “Building quality and trusted local partnerships is key for our progression across Spain and we look forward to increasing our investments and activities across the region. Solar developments offer many additional opportunities for economic growth, skills development and boosting biodiversity and we will work together with local stakeholders and communities to further shape our plans and bring these projects online.”
Solar offers dual land-use and biodiversity opportunities
Biodiversity initiatives are being prepared to help integrate the solar project areas into the local ecosystem, current site designs will include a vegetation restoration plan to reinvigorate the local ecosystem and increase native biodiversity. Specially designed perimeters would allow safe passage for small mammals to freely pass across the land. Bird flight diverters have been proposed to help create a safe environment for birds in the surrounding area.
In the last three weeks Lightsource bp has also announced a €900 million investment plan for Portugal and a major win in Greece’s record-breaking auction. To find out more about Lightsource bp and the company’s activities in Spain, visit www.lightsourcebp.com/es
30 Nov, 2023
bp agrees to take full ownership of Lightsource bp
bp has agreed to acquire the 50.03% interest it does not already own in Lightsource bp, enabling Lightsource bp’s continuing growth and high performance.
29 Nov, 2023
Solar and nature in perfect harmony
SolarPower Europe have released this year’s entries for their 2023 photo competition, Lightsource bp has submitted three entries, showcasing our projects in the UK, Greece and
27 Nov, 2023
Team onboarding: Lightsource bp site visits in 2023
This year, Lightsource bp hosted eight onboarding solar site visits. A total of 285 team members, including 25 interns, were actively engaged in these informative sessions.
24 Nov, 2023
Lightsource bp celebrates two years in France
With a 700 MW solar project pipeline, our team in France is committed to actively contributing to a sustainable future powered by solar energy.
24 Nov, 2023
Lightsource bp announced as finalists at UK Business Awards
We are incredibly proud to announce that Lightsource bp has been announced as finalists in two categories in the UK Business Awards (UKBA) 2023.
23 Nov, 2023
Lightsource bp enables smaller businesses to access the benefits of solar
Inviting participants to join a collective, European multi-buyer corporate power purchase agreement (PPA) for a portfolio of solar assets.
16 Nov, 2023
Here’s what the electrical grid of the future looks like
Today’s grids were built for a different age. A grid powered by renewables looks very different – with energy storage playing a key role in balancing supply and demand.
15 Nov, 2023
30 team members receive SCQF Level 7 qualification
Lightsource bp is committed to supporting team members expanding their knowledge and skills, and we are proud to offer a range of learning and development opportunities to all
14 Nov, 2023
Be the change: philanthropy update
See how we have been giving back recently, from Lightsource Foundation news and events, to community projects.
10 Nov, 2023
How a global renewable target can supercharge the solar sector
Electricity was responsible for 28% of all greenhouse gas emissions in 2020. Fortunately, we have a scalable, proven and affordable solution – renewable energy.