Lightsource bp, Europe's Largest Solar Energy Company, Aims to Develop 25 GW by 2025

Lightsource bp, Europe’s Largest Solar Energy Company, Aims to Develop 25 GW by 2025

Written by Ruth Rodrigues

Published on 20/09/2021 at 16:14

Setor de energia renovável ganhará investimento bilionário através da Lightsource bp. As metas traçadas visam desenvolver projetos em energia solar e levá-los para outros países. Fonte: Reprodução

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Renewable Energy Sector Will Receive Billion-Dollar Investment Through Lightsource BP. The Goals Have Been Set By The Company, Aiming To Develop More Solar Energy Projects And Expand To More Countries

Lightsource BP, the largest solar energy company in Europe, announced this Monday, the 20th, that it will lead a billion-dollar investment and develop 25 GW in renewable energy. The beneficiaries of this new project will be Africa, Europe, the Americas, the Middle East, the Pacific, and Asia. In total, €1.5 billion will be invested so that these continents can generate even more clean energy, benefiting other companies as well as the population.

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In order for the investment to reach this amount, Lightsource BP counted on the participation of the ten largest financial companies worldwide. Among them, we can mention: BNP, Canadian Imperial Bank of Commerce, Lloyds, Mitsubishi UFJ Financial Group, Natwest, Santander, SocGen, Sumitomo Mitsui Banking Corporation, Toronto Dominion, and Wells Fargo.

At the same time it is producing this new project, the solar energy company has others that are in development, such as the exclusive portfolio of 9 GW for BP. Thus, since it was founded in 2010, Lightsource BP has been significantly responsible for contributing to the renewable energy sector by developing 3.8 GW of solar energy.

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The main objective is to try to comply with the agreement made in Paris, so that companies emit less polluting gases that cause harm to the planet. In return, Lightsource has set a goal to install an additional 25 GW by 2025 to faithfully meet the agreement. Investments to achieve this goal will be raised alongside the projects already underway.

At the moment, the solar energy venture has a more centralized operation in the markets of Portugal, Spain, and Italy. In the United States, its portfolio includes nearly 10 GW, where 1.9 GW are being constructed or have been implemented in the last 18 months. Besides the countries already mentioned, the company won an energy auction held in Greece, marking the start of its new journey in the Greek renewable energy market.

Unfortunately, the company has not yet disclosed which countries will receive this investment over the next four years. Given this, it is impossible to inform whether Brazil will be on the list or not. The expectation is that with the visibility and growth of renewable energy, especially solar energy in the country, Lightsource BP will take this increase into consideration and consider the possibility of a potential project in our territory.

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Lightsource bp, Europe’s Largest Solar Energy Company, Aims to Develop 25 GW by 2025

Renewable Energy Sector Will Receive Billion-Dollar Investment Through Lightsource BP. The Goals Have Been Set By The Company, Aiming To Develop More Solar Energy Projects And Expand To More Countries

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So Far, The Goals Of Lightsource BP Involve Reducing The Emission Of Gases Responsible For Climate Change

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Lightsource bp, Europe’s Largest Solar Energy Company, Aims to Develop 25 GW by 2025

Renewable Energy Sector Will Receive Billion-Dollar Investment Through Lightsource BP. The Goals Have Been Set By The Company, Aiming To Develop More Solar Energy Projects And Expand To More Countries

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He transformed an abandoned plastic water tank into an underground house in the “hobbit hole” style, using only repurposed pallet wood, without heavy machinery or expensive labor.

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