Lightsource bp inks 757-MWp co-development deal in Poland

Solar power plant. Image source: Lightsource bp.

October 19 (Renewables Now) - Lightsource bp, the UK-based solar developer backed by BP Plc (LON:BP), has entered the Polish market by signing a 757-MWp co-development deal with an unnamed “experienced, local renewable energy firm.”

The portfolio consists of nine projects, located in the regions of Zachodnio-pomorskie, Lubuskie, Dolnoslaskie and Wielkopolskie, with about half of them likely to be shovel-ready in 2022.

Announcing the move today, Lightsource bp said it plans to sell some power on the open market and is looking for large corporations to sign long-term power purchase agreements (PPAs). The projects will also take part in future renewable energy auctions in Poland.

Lightsource bp says it has long-term gigawatt-scale development ambitions in Poland as the country is accelerating its shift to renewable energy and away from coal.

The full development of the portfolio could require a total investment of EUR 500 million (USD 580m). When up and running, the projects are expected to produce power equivalent to the needs of 362,870 Polish homes.

(EUR 1 = USD 1.160)

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Browse all articles from Plamena Tisheva

Plamena has been a UK-focused reporter for many years. As part of the Renewables Now team she is taking a keen interest in policy moves.

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