Lightsource bp sells utility-scale solar project in Portugal to Exus Renewables

Lightsource bp sells utility-scale hybridization project in Portugal
© CapcoraFrankfurt am Main (renewablepress) - Lightsource bp, a global leader in the development and management of utility-scale onshore renewable energy projects, has announced the sale of a 130 MWp ready-to-build solar PV plant in Portugal. The project, designed with hybridization potential to incorporate wind energy in the future, has been acquired by Exus Renewables, an independent power producer and asset management firm specializing in the renewable energy sector. Capcora, a German consulting firm, served as the exclusive sell-side M&A advisor to Lightsource bp for this transaction.

The Cibele solar farm is located in the municipalities of Rio Maior and Cadaval in Portugal. The project represents another substantial addition to Exus’ expanding renewable energy footprint in Iberia. Construction is slated to begin in the coming months, and the facility is scheduled to enter operation in 2026. The strategic location of the solar farm means a wind component can be added at a later date, further enhancing Exus’ hybridisation capabilities and ambitions.

“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,” said Victor López, Head of M&A at Exus Renewables. “Lightsource bp has done an impressive job of laying the initial ground work for the development of the Cibele solar farm, and we’re excited to be taking on its construction and subsequent operation. 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.”

Miguel Lobo, Country Head for Portugal at Lightsource bp said: “We are pleased with the outcome of this operation in collaboration with Exus, as transactions of this kind are a clear demonstration of how partnerships between renewable energy developers and investors can play a vital role in advancing the energy transition. This operation will allow Lightsource bp to continue to grow, further expanding our investment reach to a greater number of projects. We are committed to driving the growth of renewable energy in Portugal, with a robust portfolio of projects at different stages of development and currently exceeding 2.5 GW of capacity.”

“We are thrilled to have played a role in the transfer of this exceptional project,” said Jochen Magerfleisch, Managing Partner at Capcora. “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.”

Cuatrecasas acted as legal advisor on the deal, while Mott MacDonald acted as technical advisor. Lightsource bp was advised on financial matters by Capcora, with PLMJ as its legal advisor and Enertis on technical aspects.


About Lightsource bp

Lightsource bp is a global leader in the development and management of utility-scale onshore renewable and energy storage solutions. Our purpose is to deliver affordable and sustainable power for businesses and communities around the world. Our team includes over 1,200 industry specialists, working across 19 global regions. We provide full scope development for our projects, from initial site selection, financing and permitting through to long-term management of projects and power sales to our clients.

Lightsource bp was fully acquired by bp in 2024.

For more information visit lightsourcebp.com, follow us on Twitter and Instagram or view our LinkedIn page.


About Exus Renewables

Exus Renewables is a premier independent power producer and asset management firm specialising in the renewable energy sector. With a strong presence across Europe, Latam and North America, the Company takes pride in developing, owning, and operating large-scale, clean energy generation projects, contributing to a greener future.

Aside from its own portfolio, Exus extends its expertise to third-party asset management and project development services, catering to utility-scale solar, wind, and battery storage projects owned by external parties. Bolstered by a proven track record of efficient construction, commercialisation, and operation of renewable energy assets, Exus strategically acquires and develops innovative projects that contribute to build a world-class renewable portfolio.

At Exus, we are committed to leading the way towards a sustainable future by harnessing the power of renewable energy and driving positive change within the industry.

For more information, please visit: www.exuspartners.com


About Capcora

Capcora is an independent financial advisory boutique specializing in M&A and project finance services to accelerate the energy transition in Europe. Founded in 2015, the Frankfurt-based company helps its clients succeed in the renewable energy and infrastructure sectors by advising them on sell-side and buy-side transactions, and by raising mezzanine, unitranche or senior debt.

www.capcora.com


Download press photo:
https://www.iwrpressedienst.de/bild/capcora/3c5d5_25-01-09-Lightsource_sells_project_Portugal_Exus.jpg
Caption: Lightsource bp sells utility-scale hybridization project in Portugal
© Capcora


Frankfurt am Main, 09 January 2025


Publication and Reprint free of charge; please send a voucher copy to Capcora GmbH.



Attention editorial offices - For further questions please contact:

Media contact:

Capcora GmbH
Alexander E. Kuhn
Phone: +49 (69) 348 710 111
Fax: +49 (69) 348 710 199
E-Mail: ak@capcora.com

Capcora GmbH
Savignystraße 43
60325 Frankfurt am Main

Internet: https://www.capcora.com

---

Press release from the Renewable Energy Industry delivered by Renewable Press
Please note: The emittent / publisher »Capcora GmbH« is responsible for all contents.