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    In A Move To Avert Blackouts Australia Halts Power Market

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    Central American Development Bank commits $800 million toward the fuel relief effort

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    Array Technologies increased revenue 35% to US$872.7 million in 2020

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    Nordex Group: half-year sales rise to EUR 2 billion, earnings impacted by COVID-19

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    GE Renewable Energy connects the world’s most powerful hydro unit to the grid in Wudongde, China

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    TotalEnergies starts up its fourth solar power plant in Japan

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Lightsource acquired a 1.06 GW PV project portfolio in Spain

in Featured, News
Lightsource acquired a 1.06 GW PV project portfolio in Spain

Lightsource BP, UK-based developer and operator of solar installations, has acquired a 1.06 GW PV portfolio distributed across Spain from RIC Energy, a global developer of PV projects.

The companies will work in partnership to develop the 14 sites across Madrid, Andalucía, and Castilla y León. The first projects are expected to reach »ready to build« status by the end of 2021, with the installations expected to enter operation in stages from 2023 to 2025. Lightsource will work to bring the project portfolio to financial close and secure the construction contract with an EPC company.

According to the company, it has already started approaching renewable energy buyers to propose and negotiate Power Purchase Agreements across Europe, for timeframes of up to 10 years.

This announcement follows the acquisition and construction of a 250 MW portfolio in Zaragoza and the acquisition of a 100 MW portfolio in Teruel, both acquired from Forestalia in 2019 and 2020 respectively.

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