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Lightsource bp Secures $1.8 Billion Credit Facility for Solar Expansion

The finance will help the company develop 25 GW of solar power by 2025

September 20, 2021

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Solar developer Lightsource bp has secured a $1.8 billion credit and trade finance facility to support its global expansion strategy. The company plans to develop 25 GW of solar projects by 2025. The capital is expected to help the company expand its presence across EMEA, the Americas, and the Asia Pacific. The company is also creating a 9 GW portfolio exclusively for bp following its acquisition from 7X Energy. This is in addition to the 20 GW+ pipeline.

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