CDPQ and Lightsource BP form £150 million solar financing platform
Post date: 14/05/2019 - 11:56
Canadian long-term institutional investor Caisse de dépôt et placement du Québec (CDPQ) and Lightsource BP, developer, owner and operator of solar energy projects, announced a debt investment of £150 million (CAD 260 million; USD 195 million), to finance a portfolio of solar assets owned and managed by Lightsource BP. The facility will initially be used to finance a diversified portfolio composed of over 100 solar projects located across various countries and totalling more than 700 MW, says the company: »Over time, the facility could expand with further investment from CDPQ funding assets developed through the Lightsource BP pipeline.«
Founded in 2010, Lightsource BP has established operations across EMEA, APAC and the Americas. With over 2 GW of solar capacity currently under management, Lightsource BP is targeting around 10 GW in the next 5 years. CDPQ announced at the end of March that it had raised its 2020 low-carbon asset under management target from $26 billion to $32 billion.