Lightsource BP acquires Spanish solar project pipeline

Lightsource is set to continue its rapid expansion across Europe with another project pipeline acquisition in Spain from Grupo Jorge.

Grupo Jorge’s energy branch, Jorge Energy, develops and operates wind and solar assets in the region. The three projects, with a total of 703MW of generation capacity, are located in Aragon.

Lightsource's Spain country head Fernando Roger said: “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."

The company claims the deal could create 1,000 jobs and €475 million of local investment. The construction of these projects is expected to begin next year.

Read more: Self-consumption from solar power on the increase in Spain

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.

In the last three weeks, Lightsource has also announced a €900 million investment plan for Portugal and a major win in Greece’s record-breaking auction.

Lightsource, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. The company is a 50:50 joint venture with BP.

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