US$321 million Agreement announced to take full control of Lightsource BP
British oil and gas company BP announced an agreement with UK-based PV producer Lightsource BP to purchase the remaining 50.03% of Lightsource BP’s shares.
BP aims to leverage Lightsource BP's expertise as a developer of economically competitive large-scale onshore renewable power to fulfill its requirements for low-carbon energy. In 2017, BP initially invested US$200 million in Lightsource, subsequently rebranded as Lightsource BP, securing a 43% stake in the company. In 2022, BP increased its ownership to 50%. Lightsource BP achieved its inaugural utility-scale solar installation in 2016 and has since launched over 16 renewable energy projects in the USA alone.
Country updates
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December 07, 2023
Triton Knoll Offshore Wind completed sale of its transmission assets
Triton Knoll Offshore Wind Limited has completed the sale of transmission assets to Triton Knoll OFTO Limited, owned by ETEPCO, a consortium of Equitix Limited and TEPCO Power Grid Incorporated. The...
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November 27, 2023
SDCL closed USD711 million Energy Efficiency Infra Fund
Sustainable Development Capital LLP (SDCL) has closed its energy efficiency infra fund at its EUR 650 million target (USD 711 million).
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November 27, 2023
Site survey completed for 1400 MW Cenos floating offshore wind farm in Central North Sea
Rovco has completed all survey work on the site of the planned 1400 MW Cenos floating offshore wind farm located in the Central North Sea, Scotland, UK. The geo-environmental survey, conducted on beh...
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November 27, 2023
Voltalia signs PPA for 34 MW Eastgate solar farm
Co-op and Voltalia jointly announced the signing of a 15-year Corporate Power Purchase Agreement (Corporate PPA) for the entire output of the 34 MW Eastgate solar farm located in North Yorkshire, UK....
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November 22, 2023
Assembly and fit-out started for 1100 MW Inch Cape Offshore Wind project in Wallsend
Siemens Energy and Iemants have begun the assembly and fit-out of the offshore substation platform and jacket foundation for the 1100 MW Inch Cape Offshore Wind at the Smulders yard in Wallsend, Newca...
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