Lightsource BP Offloads 247MW Spanish Solar


               Lightsource BP has agreed the sale of a 247MW cluster of solar projects in Spain to independent renewable energy investor Plenium Partners and Bankinter Investment. The asset comprises five solar installations in Aragón and has been in operation since 2021. Plenium has closed the transaction together with Bankinter Investment, the investment banking subsidiary of Bankinter, the fourth largest Spanish bank by stock market value.  The value of the transaction has not been disclosed. Plenium and Bankinter have completed the purchase of the portfolio through various alternative-investment vehicles participated by Bankinter’s private banking and institutional clients.

               Kareen Boutonnat, CEO for EMEA and APAC at Lightsource BP, said: “Transactions like these demonstrate our strong credentials in delivering quality constructed and operational assets as a trusted partner, supporting the renewable ambitions of Plenium Partners and Bankinter Investment. “In Spain, Lightsource BP continues to move at pace to further progress our gigawatt-scale project development portfolio and the growth of solar required to deliver on national targets.” EY was appointed as financial advisor and Uría Menéndez as legal advisor by Lightsource BP for the deal. Gómez-Acebo & Pombo was appointed as Plenium and Bankinter’s legal advisor. Over the last four years Lightsource BP has grown its business in Spain, reaching over 130 team members last year with a development pipeline of over 4GW.






Credits: [Image: Lightsource BP ]

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