Lightsource Renewable Energy

Lightsource BP
Private company
Industry Solar power
Predecessor Lightsource Renewable Energy
Founder Nick Boyle
Headquarters London, United Kingdom
Key people
 Nick Boyle (CEO)
Products Electric power
Services Development and operation of solar parks
Number of employees
 ~350
Parent BP
Website www.lightsourcebp.com

Lightsource BP, rebranded from Lightsource Renewable Energy in 2018, is a British solar parks developer based in London, United Kingdom. It is the largest solar developer in Europe, and third largest in the world outside of China.[1][2]

History

The company was founded in 2010 as Lightsource Renewable Energy. In 2011, the company's first solar park was established in Truro. It consists of more than 5,000 panels that can generate enough electricity to supply 430 homes in the area. In 2013, Lightsource completed a 5 MW rooftop solar PV installation at Bentley Motors' factory in Crewe.[3]

In 2016, the company launched Europe's largest floating solar project at the Queen Elizabeth II Reservoir, in Walton-on-Thames.[4]

In 2016, Lightsource completed the Crookedstone Solar Farm, in Antrim, Northern Ireland, which provides a third of the Belfast International Airport's electricity needs.[1]

In 2017, it was announced that BP will acquire a 43% stake in the company by investing $200 million. [5] The company was accordingly renamed Lightsource BP.[2]

Operations

As of 2017, Lightsource has commissioned 1.3 GW of solar capacity and manages about 2 GW of solar capacity. It plans to increase the capacity up to 8 GW through projects in the United States, India, Europe and the Middle East.[2]

References

  1. 1 2 Mulgrew, John (2016-05-19). "Solar farm to provide third of Belfast International Airport's power". Belfast Telegraph. Retrieved 2016-08-19.
  2. 1 2 3 Bakewell, Sally (3 April 2013). "BP to Sell U.S. Wind Business in Retreat to Fossil Fuels". Reuters. Retrieved 10 April 2013.
  3. ↑ "Bentley, Lightsource in Rooftop Solar Power Project". Bloomberg. Retrieved 2016-08-19.
  4. ↑ Good, Alastair (2016-03-22). "Europe's largest floating solar farm powers up". The Telegraph. Retrieved 2016-08-19.
  5. ↑ "BP Re-Enters Solar Power Market With $200 Million U.K. Deal". Bloomberg. 2017-12-15. Retrieved 2017-12-19.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.