Lightsource BP hits critical mass with loan – International Financing Review

Lightsource BP hits critical mass with loan – International Financing Review

Lightsource BP is raising a syndicated loan of more than £1bn to finance its growth that is at the heart of the international oil major’s transition to become a fully integrated energy company.

The deal is one of the biggest debt financings to be raised to date for one of the new industrial joint ventures that are being set up to develop clean, green energy – in this case solar energy.

Lightsource BP is the largest solar developer in Europe and the third-largest in the world outside China. It has developed 3.8GW of solar projects to date, and has a global project pipeline of 20GW.