In a landmark move reflecting BP’s commitment to green energy, the British oil giant has acquired the remaining 50.03% stake in its solar joint venture, Lightsource BP, for £254 million. This acquisition, first announced in late 2023, underscores BP’s ambitious strategy to become a leader in renewable energy as it pivots from traditional fossil fuels […]
Lightsource bp is set to significantly enhance its footprint in Germany through a strategic development agreement with Kajoni Energie GmbH, a prominent German developer of renewable energy projects. This partnership will enable Lightsource bp to pursue a robust 500 megawatt-peak (MWp) pipeline of solar energy projects over the next two to three years. Each project […]
In a landmark development for renewable energy in Greece, the Enipeas solar project has officially commenced, spearheaded by a partnership between Ameresco Sunel Energy SA and Lightsource bp. This ambitious project, one of the largest solar energy initiatives in Europe, underscores Greece’s commitment to advancing sustainable energy solutions and boosting economic resilience. Enipeas Solar Project: […]
Eurobank A.E. has entered into a substantial financing agreement with Enipeas Single-Member S.A., a subsidiary of Lightsource bp, marking a significant investment in renewable energy under Greece’s National Recovery and Resilience Plan ‘Greece 2.0’. The project, with a hefty price tag of €395.15 million, is set to be one of the largest solar initiatives in […]
In a significant development in the renewable energy sector, bp has agreed to acquire the 50.03% interest in Lightsource bp that it does not already own. This move positions bp to fully harness the capabilities of one of the world’s leading developers and operators of utility-scale solar and battery storage assets. The Strategic Importance of […]
Renewable energy company Lightsource bp has officially announced the commissioning of its Bellflower Solar project in Indiana, boasting a capacity of 152.5MW. The project, constructed at an investment cost of $169 million, is situated approximately 40 miles east of Indianapolis in Henry and Rush Counties. With an estimated capability to power 26,800 households, the Bellflower […]
Lightsource bp and AEP Energy Partners (AEPEP) have entered into a power purchase agreement (PPA) for the 188MW (dc) Honeysuckle Solar power project in Indiana. AEP Energy Partners is a subsidiary of American Electric Power. The Honeysuckle Solar power project will be built in New Carlisle, nearly 10 miles west of South Bend. It will […]
Lightsource bp along with Xcel Energy and McCarthy Building Companies has begun the commercial operation of 293MWdc Sun Mountain solar project in Pueblo, Colorado. The Sun Mountain solar power plant marks Lightsource bp’s second solar project in Pueblo, Colorado, and brings the company’s state-wide operating solar assets to approximately 600MW. The Sun Mountain solar project […]
BP has begun the construction of its 134MWdc Arche Solar project in Fulton County, Ohio to address greenhouse-gas emissions and support green energy growth in the US. The Arche Solar project is part of BP’s plans to develop 20GW of net renewable generating capacity by 2025 and 50GW by 2030. The solar power project in […]
Torrent Power has closed the previously announced INR 300 crore acquisition of LREHL Renewables India SPV 1 Private Limited, a special purpose vehicle (SPV) which operates a 50MW solar power plant in Maharashtra. The SPV was acquired from Lightsource bp and UK Climate Investments (UKCI) as per a deal signed in July 2021. The acquired […]