Lightsource BP to invest €500 million in PV

UK based developer Lightsource BP announced plans to enter the Polish market and develop nine projects amounting to 757 MW, working alongside an unnamed local partner. Lightsource BP says around half of the projects could begin construction next year, and that bringing all of the pipeline to completion would require total investment of €500 million.

The developer says that around half of the projects could be ready to begin construction in 2022, and that completing all of the projects would require total investment of €500 million. And once operational, Lightsource says the projects will participate in Poland’s upcoming renewable energy auctions, as well as selling power on the spot market and through long-term corporate PPAs.

Lightsource BP says it has carefully vetted the whole portfolio, and sees big opportunities for PV in Poland as the country accelerates its shift away from coal-fired power stations. “Entering the Polish marketplace is a significant milestone for us, and we have done so with a sizeable portfolio,” said Vlasios Souflis, international business development director at Lightsource BP.

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