Lightsource bp signs 149MW corporate PPA in Spain

Facebook
Twitter
LinkedIn
Reddit
Email
Lightsource bp opened a Spanish headquarters in Madrid earlier this year. Image: Lightsource bp

Solar developer Lightsource bp has signed a 149MW power purchase agreement (PPA) with chemical manufacturer LyondellBasell.

Starting from 2026, the deal will see Lightsource bp provide LyondellBasell with around 284,000MWh of solar power annually from one of its projects in Spain. Lightsource said that the unspecified project will include environmental measures like reintroduction of native species and protective areas for birds.

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

Earlier this year, Lightsource bp – a joint-owned company with British oil giant bp – opened a new headquarters in Madrid, aiming to build on the company’s growth and success in the region since its entry in 2019.

Zosia Riesner, director of power markets for Europe at Lightsource bp, said: “We take immense pride in our ability to offer tailored and customised solutions to our customers while leveraging Lightsource bp’s global reach to offer additionality and innovative structures through our contracts. Our continued investment in growing our pipeline of projects across Spain provides exciting opportunities for collaborations like this in the near future.”

LyondellBasell said that with the inauguration of this project it will reach 78% of its total renewable electricity goal – to source at least 50% of its electricity consumption from renewable generation by 2030.

“We are taking decisive steps to reduce our absolute scope 1 and 2 greenhouse gas emissions, while creating solutions for everyday sustainable living,” said Chris Cain, LyondellBasell senior vice president for net zero transition strategy. “Solar power purchase agreements accelerate the development of clean energy and are a critical lever in our emissions reduction efforts.”

Lightsource bp’s presence is increasing across Europe, and the company says it has a 10GW portfolio of projects at various stages of development across the continent.

In the last two months, it has signed deals with Greek developer HELLENiQ and a corporate PPA with Microsoft in Poland. The former saw Lightsource bp sell 180MW worth of PV projects to HELLENiQ, expected online between Q1-Q3 2024, whilst the latter was a maiden Polish agreement for both Lightsource bp and Microsoft.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.
2 December 2025
Málaga, Spain
Understanding PV module supply to the European market in 2026. PV ModuleTech Europe 2025 is a two-day conference that tackles these challenges directly, with an agenda that addresses all aspects of module supplier selection; product availability, technology offerings, traceability of supply-chain, factory auditing, module testing and reliability, and company bankability.

Read Next

June 30, 2025
Eni subsidiary Plentiude has started operations at the northern block of its 330MW Renopool solar portfolio in Spain.
June 30, 2025
Voting on the US tax reconciliation bill is expected to begin in the Senate today, following a draft published on Friday that hit clean energy tax credits hard.
June 30, 2025
The Spanish government has launched a €100 million (US$117 million) aid programme to help promote the recycling and reuse of materials from renewable energy projects.
June 27, 2025
Renewables investment platform Nexwell Power has signed a round of power purchase agreements (PPAs) with “one of the largest” US tech companies for solar PV capacity to be built in Spain.
Premium
June 27, 2025
PV Talk: '2024 was a transformational year in terms of energy policy,' says Monika Paplaczyk ahead of this year's Clean Power 2030 Summits.
June 26, 2025
A group of minority shareholders in Norwegian silicon firm REC Silicon has triggered an investigation into the circumstances surrounding the closure of the company’s US polysilicon production site.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
June 30, 2025
10am PST / 6pm BST
Solar Media Events
July 1, 2025
London, UK
Solar Media Events
July 1, 2025
London, UK
Media Partners, Solar Media Events
July 2, 2025
Bangkok, Thailand
Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico