Lightsource BP, a global leader in the development and management of solar energy projects, has today announced the acquisition of an 845 megawatt (MW) solar portfolio in Spain from Iberia Solar, a local solar developer and part of the Asterion Energies platform, a portfolio company of Asterion Industrial Partners. Asterion is an independent investment management firm focusing on infrastructure investments in the European mid-market.
Lightsource bp and Iberia Solar will work in partnership to bring the project pipeline, which consists of five sites across the regions of Castilla la Mancha and Castilla y León, to “ready-to-build” status. Lightsource bp will then lead the projects to financial close and begin construction in 2022.
Today’s announcement further demonstrates Lightsource BP’s capability as a co-development partner, leveraging its expertise in developing, financing, contracting and constructing solar assets, as well as the team’s ability to work with different partners under multiple structures. It also marks a significant milestone in Lightsource BP’s commitment to playing a leading role in the energy market in Spain. The team now has a total of 2.25GW of projects in development or under construction in Spain, offering of a geographically.
