Lightsource BP invests in 757 MW project pipeline in Poland

20 October 2021
Lightsource BP invests in 757 MW project pipeline in Poland

Lightsource BP has signed a co-development with a local partner in Poland, to co-develop 757 MW of new PV capacity in the country.

The developer says that around half of the projects could be ready to begin construction in 2022, and that completing all of the projects would require total investment of €500 million. And once operational, Lightsource says the projects will participate in Poland’s upcoming renewable energy auctions, as well as selling power on the spot market and through long-term corporate PPAs.

The capacity is spread across nine projects planned in various regions of the European country, and Lightsource has signed a co-development agreement with an unnamed local partner, which it describes as “an experienced local renewable energy firm”.

Lightsource BP says it has carefully vetted the whole portfolio, and sees big opportunities for PV in Poland as the country accelerates its shift away from coal-fired power stations. “Entering the Polish marketplace is a significant milestone for us, and we have done so with a sizeable portfolio,” said Vlasios Souflis, international business development director at Lightsource BP. “The scope for growth in solar is huge, as renewables will be required to double their share on the grid in a short space of time.”