Lightsource BP secures $1.8bn to boost solar growth

The developer plans to increase total global capacity to 25GW by 2025

BP’s 50/50 solar power joint venture Lightsource BP has secured a $1.8bn credit facility from ten global financial institutions. Lightsource BP plans to use this funding to increase its total capacity of developed projects from 3.8GW to 25GW by 2025. The developer plans to grow its pipeline through greenfield projects, co-development and M&A. “If we are going to meet the commitments of the Paris Agreement, business-as-usual is not going to cut it,” says Lightsource BP CEO Nick Boyle. “We know our plans for growth and job creation are very ambitious, but this is the pace of change we need to move at.” A growing pipeline The company is confident in its pace of growth. Lightsource BP brough