Lightsource BP acquires solar project in Italy

19 Feb 2021

Solar energy projects developer Lightsource BP has acquired a 78MW solar project in Italy from Sicily-based renewable energy developer EGI.

Under a co-development agreement, the two companies will work together to bring the project to ready-to-build status. The companies have also filed for PAUR, which is a comprehensive permit granting authorisation on environmental and planning matters.

Lightsource BP will continue to advance the project to financial close and commence construction in 2022. The project, which is expected to commence operations in 2023, is the first of a significant exclusive pipeline already secured with EGI.

To date, Lightsource BP has purchased more than 100MW in Sicily and intends to expand its presence in the region. With a total capacity of more than 350MW, the Lightsource BP and EGI partnership has already secured 11 utility scale solar projects across southern Italy.

The latest acquisition takes the total capacity of the solar projects secured by Lightsource BP to 1.2GW, which are at various stages of development across six Italian regions.

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