Lightsource bp Secures $1.8 Billion Credit Facility for Solar Expansion
The finance will help the company develop 25 GW of solar power by 2025
September 20, 2021
Follow Mercom India on WhatsApp for exclusive updates on clean energy news and insights
Solar developer Lightsource bp has secured a $1.8 billion credit and trade finance facility to support its global expansion strategy. The company plans to develop 25 GW of solar projects by 2025. The capital is expected to help the company expand its presence across EMEA, the Americas, and the Asia Pacific. The company is also creating a 9 GW portfolio exclusively for bp following its acquisition from 7X Energy. This is in addition to the 20 GW+ pipeline.