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.