BP buys 43% stake in solar developer Lightsource

BP has announced it is buying a 43% stake in solar power developer Lightsource for $200 million (£149m). The energy giant said it is “excited to be coming back to solar” as the two companies aim to drive the growth of the renewable source worldwide. The majority of the investment, paid over three years, will […]

Lightsource-Macquarie enter Indian solar partnership

Lightsource Renewable Energy and Macquarie have teamed up to develop and buy large scale solar power assets in India. The initial asset for the partnership will be Lightsource’s 60MW project in the state of Maharashtra, which will consist of more than 200,000 panels. It is expected to generate enough clean electricity to power around 20,000 […]

Guest Blog: Nick Boyle – The Building Blocks of a Successful PPA

Everyone’s pretty au fait with the general shape of a PPA – renewable developer meets end user, and both live happily ever after with a mutually beneficial purchase agreement – but for many people the rest of the details are a little hazy. There’s a lot more to a PPA than just settling on a […]

Lightsource and BlackRock target £1bn solar portfolio

A renewable energy company has signed a £1 billion partnership with an investment management firm. Lightsource and BlackRock have entered into a strategic partnership to target the acquisition and ownership of around 1GW of UK solar energy assets. The partnership, called Kingfisher, will initially incldue 25 of Lightsource’s solar assets with an installed capacity of 156MW. It plans […]

Northern Ireland’s largest solar farm switched on

A solar farm claimed to be the largest in Northern Ireland has been switched on. The 32MW project in Antrim is expected to create enough energy to power more than 11,000 homes. It is also estimated to save more than 18,000 tonnes of carbon every year – equivalent to taking around 4,000 cars off the […]

Lightsource buys solar installations for £2.3m

Lightsource Renewable Energy has bought a portfolio of residential solar installations for £2.3 million. It includes 469 projects across the UK from Ecos Solar Nine. Under the agreement, Lightsource will receive Feed-in Tariff (FiT) payments from the installations and will manage the maintenance of the systems for the length of the FiT term. The company […]

Exclusive: EDF Energy-Lightsource team up for solar and storage trial

EDF Energy and Lightsource Renewable Energy have joined forces for a new “smart home” energy trial. They are offering householders in the South West, South East and the Midlands the chance to get solar panels and battery storage systems in a bid to help them cut their energy use as well as reduce reliance on […]

Lightsource to invest £600m to buy solar arrays from consumers

Lightsource Renewable Energy plans to invest £600 million in the next five years to buy solar arrays from householders and businesses. That will be in return for the transfer of their Feed-in Tariff (FiT) payment, with consumers receiving an upfront lump sum and continuing to receive the free energy generated by their systems. In addition, […]

Renewable PPAs ‘more reliable than government subsidies’

  Power purchase agreements (PPAs) for renewable energy are more reliable than government subsidies. That’s what Nick Boyle, CEO and Founder of Lightsource Renewable Energy told ELN during the Energy Live 2016 conference in London last week. Speaking about the outlook for solar energy in the country after the government announced subsidy cuts, he said: “From […]

Guest Blog: Nick Boyle – Green can’t just be a badge it’s business!

We’re all too aware of the pressures to improve CSR credentials and serious initiatives such as COP21 and RE100 have put carbon emissions reduction firmly back on the agenda for many businesses. Switching to renewable energy can certainly help organisations gain a greener competitive edge but do I think that any of the largest companies […]