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.