Lightsource bp advances renewable portfolio growth
Global solar leader Lightsource bp today announced it has secured a new $1.8 billion credit and trade finance facility that will help fuel its new global growth strategy of developing 25GW of solar by 2025.
The funding, provided by 10 top tier global financial institutions1, underpins Lightsource bp’s growth ambitions and execution strategy as it continues to accelerate the deployment of solar across the EMEA, Americas and Asia Pacific regions.
Since its formation in 2010, Lightsource has developed 3.8GW of solar projects globally. It is now aiming to drive this total to 25GW of developed projects2 by 2025 fed by its expanding development pipeline.
The Lightsource bp pipeline continues to grow rapidly through greenfield, co-development and acquisition opportunities. This growth is expected to create over 500 new jobs within Lightsource bp over the next four years.
In addition to this 20GW-plus pipeline Lightsource bp is also developing a 9GW portfolio exclusively for bp.
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