LightSource bp, a Korean solar energy developer, has sold five utility-scale solar photovoltaic (PV) projects in the UK, totaling 300 MW, to renewable energy supplier Sonnedix. By 2024, the projects, which are spread out across several UK areas, should be operational. The solar portfolio is anticipated to provide over 300 GWh of renewable energy during its first year of operation, replacing more than 57,000 tonnes of carbon emissions annually. No financial details have been disclosed. With the agreement, Sonnedix’s capacity in the UK will increase to 500 MWp, making it one of its major markets in Europe.
In October 2022, Lightsource bp completed financing for its 210 MW Milagres Solar project in Brazil for $148.7 million. The Northeast Development Fund (Fundo de Desenvolvimento do Nordeste, or FDNE), which is run by the Brazilian government agency Superintendência de Desenvolvimento do Nordeste (Sudene), received debt funding of $78.6 million from Banco do Brasil.