Capcora provides financial advice: Lightsource BP sells Portuguese solar project to Exus Renewables

Frankfurt am Main - Lightsource BP, a company specializing in the development and management of large-scale renewable energy projects, has sold the ready-to-build 130 MWp Cibele solar project in Portugal.

The buyer of the solar park, which was designed with hybridization potential for the future integration of wind energy, is the independent power producer and asset manager Exus Renewables. Frankfurt-based consultancy Capcora acted as exclusive M&A advisor to Lightsource BP on the sell-side of the transaction.

The Cibele solar park is located in the Portuguese municipalities of Rio Maior and Cadaval. Construction is scheduled to start in the coming months, with a planned commissioning of the plant in 2026. The strategic location of the solar park allows for the addition of a wind component at a later stage, further enhancing Exus' hybridization capabilities and ambitions.

The project will be an important addition to Exus' growing renewable energy portfolio in the Iberian Peninsula.

“This acquisition marks a significant step forward in Exus’ journey to becoming a leading global independent power producer and further enhances our renewable energy asset portfolio in Europe. The project will enable us to continue making smart investment decisions, while delivering on our mission to create a greener and more sustainable future for all”, said Victor López, Head of M&A at Exus Renewables, about the deal.

“This operation will allow Lightsource bp to continue to grow, further expanding our investment reach to a greater number of projects”, adds Miguel Lobo, Country Head for Portugal at Lightsource BP.

“We are thrilled to have played a role in the transfer of this exceptional project. The Cibele solar farm not only contributes to Portugal’s renewable energy capacity but also exemplifies the forward-thinking approach of hybrid projects that maximize resource efficiency. Collaborations like these are crucial for accelerating the energy transition and driving innovation in renewable energy development”, adds Jochen Magerfleisch, Managing Partner at Capcora.

Cuatrecasas acted as legal advisor on the transaction, while Mott MacDonald acted as technical advisor. Lightsource BP was advised on financial aspects by Capcora, while PLMJ acted as legal advisor and Enertis advised on technical aspects.

Source: IWR Online, 09 Jan 2025