UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
Lightsource BP grows UK solar portfolio to 2GW with BlackRock deal
BP’s new solar power venture has added another 57MW of generation capacity to its panel portfolio which can now power millions of UK homes. Lightsource BP made its latest multi-million pound acquisition through a £1bn partnership with BlackRock’s renewables investment fund which it set up last year to help snap up solar assets. To date, the pair have taken on a quarter of the solar power acquisitions that they plan to make and widened Lightsource BP’s UK portfolio to 2GW in capacity, enough to power 2 million homes.The deal marked BP’s return to solar power after turning its back on the market in 2011. BP holds a 43pc stake in Lightsource BP and plans to lend its global scale and energy trading knowledge to develop solar projects in the US, India, Europe and the Middle East.
Abstract details
Journal title: Daily Telegraph
Countries: UK -
Organisation: BP|Lightsource BP
Subjects: Solar energy
