Lightsource bp, the largest solar developer in Europe, has secured $1.8 billion in financing and is targeting 25 gigawatts of solar by 2025, the company announced.
The funding will be used to boost Lightsource bp’s current 20 GW pipeline to 25 GW by 2025. Lightsource bp is developing an additional 9 GW solar portfolio for bp.
“Globally, renewable energy is shifting from a mindset of gigawatts to terawatts,” Nick Boyle, group chief executive for Lightsource bp, said. “If we’re going to meet the commitments of the Paris Agreement — business as usual isn’t going to cut it. Our industry-leading 25GW by 2025 target and the finance package are further proof that Lightsource bp has left business as usual far behind.”
