London — Solar energy developer Lightsource BP has acquired a large number of projects in Brazil with a potential to nearly double its global capacity.
The utility-scale solar projects are at different stages, from early land permits to more advanced developments with grid connections. Solar power contributes just over 1% of Brazil’s total electricity generation, which is expected to soar in the coming decades. Lightsource will target mainly corporate and industrial buyers in both the regulated and unregulated market, according to Vlasios Souflis, director for international business development.
Lightsource BP is the largest European utility solar developer with over $3bn invested across nearly 2GW of solar projects around the world, according to Lightsource BP’s statement.