Lightsource BP secures AU$330 million for second and third Australian solar projects

Facebook
Twitter
LinkedIn
Reddit
Email
Lightsource BP’s 260MW Impact Solar project in Texas. Image: Lightsource BP.

Lightsource BP has secured AU$330 million (US$255 million) to fund the development of two utility-scale solar projects in Australia.

The developer, a joint venture part-owned by oil and gas major BP, has now broken ground on its West Wyalong and Woolooga solar projects located in New South Wales and Queensland after receiving construction financing from investors EDC, ING, Intesa Sanpaolo and Westpac. The projects, which are expected to be completed by mid-2022, will bring 520MWac of solar capacity to Australia’s electricity grid when they come online and produce roughly 673GWh of electricity annually, the company said in a statement. Local solar company Pacific Rim Pty, a subsidiary of PCL Constructors has been commissioned to carry out construction on the projects.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The new projects mark Lightsource BP’s second and third ventures in the Australian solar market, after the company was granted planning permission last month to build out a 400MWdc solar park near Wellington, New South Wales.

Adam Pegg, Lightsource BP Australia’s country manager, said the three projects underway and the developer’s additional 1.5GWdc Australian project pipeline establish it as “a leader in the Australian solar market.”

“Although COVID-19 has disrupted the energy landscape, we are proud to be able to start construction and complete the financing of two large solar projects on a subsidy-free basis, demonstrating the resilience of solar as a sustainable solution to meeting the rising global energy demands.”

Read Next

July 24, 2025
Two major transmission infrastructure projects have progressed in Western Australia and New South Wales, in a win for renewables.
July 23, 2025
Australian solar PV module manufacturer Tindo Solar has partnered with UNSW to advance tunnel oxide passivated contact (TOPCon) technology.
July 22, 2025
AEMO has reported a record-breaking surge in new renewable energy generation and storage assets reaching full operation within the NEM.
July 21, 2025
The Queensland government has continued to crack down on renewable energy projects by enshrining new planning rules for solar PV into law, which strengthen social licence requirements.
July 21, 2025
Swedish solar developer OX2 has been approved for a 90MW solar-plus-storage site in New South Wales via Australia’s EPBC Act.
July 18, 2025
PV Tech spoke with international buyers and investors on key industry issues such as new technology equipment procurement, supply chain management and ESG compliance.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK