(BRIEF) Lightsource bp is facilitating a European power purchase agreement (PPA) with multiple buyers for a portfolio of solar assets to be built in Spain in 2024. The global solar developer, with more than 35 GW of solar projects in progress around the world, is giving small-scale energy consumers the opportunity to subscribe to the collective PPA framework. This strategy builds on Lightsource bp’s PPA expertise to help small businesses access renewable energy, overcome price volatility and solar capacity progression. is based on the good fortune of the company’s first collective PPA in Spain with The Fashion Pact. Interested parties can contact Benji Thomas from the Power Marketing team to express their interest in the organization’s next PPA opportunity.
(PRESS RELEASE) LONDON, November 23, 2023 — /EuropaWire/ — Lightsource bp, a global leader in solar development, control and operations, a global leader in renewable energy, invites participants to sign up for a European Business Energy Purchase Multi-Buyer Agreement (PPA) for a portfolio of solar assets scheduled for construction in Spain in 2024.
As a global solar developer with over 35 GW of solar projects in development stages worldwide, Lightsource bp has extensive experience in the corporate PPA market. The company has effectively negotiated contracts at other scales and in other sectors, providing services to local production corporations and multinational generation giants.
Small electricity consumers face difficulties in obtaining long-term renewable energy contracts due to their low energy consumption. In reaction to this challenge, Lightsource bp introduced a collective PPA framework aimed at aggregating the demand of small energy consumers. Leveraging its expertise in the coming through tailored agreements, this initiative enables small businesses to cope with price volatility while also helping to mitigate upgrades. Not only does this model simplify access to renewable energy for those users, but it also supports the growth of new solar capacity.
Zosia Riesner, Head of Energy Markets at Lightsource bp, expressed her excitement about the opportunity to bring solar power to a wider audience. “This is an exciting opportunity to spread solar energy to a broader organization of grantees.
“We have noticed that some of the world’s largest corporations are using PPAs to gain advantages and predictable rates for renewables, while supporting the continued momentum of the energy transition. Our collective PPA strategy can share those advantages with corporations with much lower energy consumption, while leveraging the advantages of scale presented through a solar portfolio of our 1 GW portfolio in progression of expired level in Spain.
This initiative follows Lightsource bp’s first collective PPA in Spain, established with The Fashion Pact.
Interested parties are encouraged to contact Benji Thomas of the Power Marketing team to express interest in the upcoming PPA collective opportunity.
SOURCE: Lightsource bp Renewable Energy Investments Limited
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