Lightsource BP acquires solar projects in Italy

Lightsource BP acquires solar projects in Italy

10 May 2021

Lightsource BP has acquired 156MW of solar projects from Horizon Firm, expanding its utility scale solar portfolio in Italy.

The acquisition, which includes three solar projects, takes the company’s Italian solar development pipeline to over 1.5GW.

Two of the acquired solar projects are based in Sicily, in a low solar plant massification density area, in the province of Agrigento. They include the 40.9MW Canicattì project and the 58.2MW Torre di Mastro project.

Based in Apulia, Manfredonia is the third project with a capacity of 57.4MW. The project is planned to be developed as an Agri-PV, with an objective to virtuously integrate agriculture and renewable energy.

The three projects are anticipated to attain ready-to-build status in 2022.

Lightsource BP has also signed exclusivity agreement with Horizon Firm to acquire an additional 130MW of solar projects.

The company targets to close the transaction in the next few months.

The projects are expected to make a significant contribution to Italy’s long-term commitment to achieve net zero emissions by 2050.

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