Project Finance Brief: Lightsource bp Acquires 156 MW Solar Projects in Italy
Atlas Renewable secured a $150 million loan for a 359 MW solar project
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Lightsource bp, a solar project developer, acquired three projects from Horizon Firm, a developer specialized in solar, totaling 156 MW, across the country. Two of the projects are based in Sicily, in the province of Agrigento: the Canicattì project (40.9 MWp) and the Torre di Mastro project (58.2 MWp). The third project, Manfredonia (57.4 MWp), based in Apulia, will be developed as an Agri-PV to virtuously integrate agriculture and renewable energy. These projects cast light upon the two ‘regions’ strategic roles to develop RES in line with the national objectives of energy production and decarbonization.
