In Short : Lightsource BP has sold its solar project portfolio. The divestment suggests a strategic move, possibly to streamline operations, optimize its portfolio, or reallocate resources. This action reflects the dynamic nature of the renewable energy sector and companies’ adjustments to market conditions and opportunities.
In Detail : The company will continue to perform operations and maintenance work
Lightsource BP has sold a portfolio of 58 operational solar assets to a consortium comprising GLIL Infrastructure and Bluefield Solar Income Fund.
As part of the sale, Lightsource bp will continue to provide operations & maintenance and asset management services for the portfolio. Watson Farley & Williams (WFW) advised on Lightsource BP on all aspects of the disposal.
GLIL Infrastructure is a £3.6bn infrastructure investment fund. Bluefield Solar Income Fund is a London-listed UK income fund focussed primarily on acquiring and managing solar energy assets.
WFW Global Energy Sector Co-Head Henry Stewart commented: “We are pleased to have advised long standing Lightsource bp on the sale of this solar 58 asset portfolio. This deal highlights WFW’s expertise for renewable energy transactions as well as the breadth and depth of our energy team offering.”