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

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

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

September 15, 2025
UNSW spin-out company Lab360 Solar has been awarded funding from ARENA to bring its drone-based PV inspection technology to market.
September 15, 2025
Australia has reached 26.8GW of installed rooftop solar at the end of the first half of 2025, according to a report from the Clean Energy Council (CIC).
Premium
September 10, 2025
PV Talk: Italy’s new CfD policy offers clear support for solar developers in an otherwise uncertain legislative landscape, says Terrawatt's Patrizio Donati.
September 10, 2025
The CEFC has said that a coordinated approach to transmission in Pilbara, Western Australia, could save more than AU$30 billion over 25 years.
September 9, 2025
Australia's National Electricity Market (NEM) broke records yesterday when renewables supplied 76.4% of total electricity demand, with solar power contributing nearly 60% of the record-breaking clean energy mix.
September 5, 2025
Research firm Rystad Energy has found that Queensland’s utility-scale solar PV power plants have dominated the best-performing assets, in terms of AC capacity factor, rankings for August 2025.

Subscribe to Newsletter

Upcoming Events

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
Solar Media Events
October 7, 2025
Manila, Philippines