Lightsource bp’s Spanish pipeline soars to 3 GW

Source: press release, 18 June 2021

photo: bp
photo: bp

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 703 MW.

Grupo Jorge is an important industrial group in Spain and one of the largest in Aragon, employing over 4,200 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 (292 MW and 130 MW) and the third (281 MW) 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 1.1 GW 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. PPAs 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 3 GW project pipeline at remarkable pace with 2.6 GW acquired in less than 6 months. With an average project size of 200 MW (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 148.5 MW into construction this year and recruit for an additional 30 full-time positions.

Lightsource bp’s Country Head for Spain, Fernando Roger says, “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.