Lightsource BP to deploy gigawatts of bifacial panels in cross-continent pipeline push

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email

Lightsource BP is expecting to deploy gigawatts of bifacial solar capacity in the coming years, declaring that most – if not all – of its 12GW+ pipeline will come forward using the technology.

Last week the international solar developer confirmed that a further 7% stake in the company was being taken by BP, giving both it and the O&G major equal footing. Funds raised from the issue of new shares are to be used to pursue a 12GW-strong pipeline that spans multiple continents.

Speaking to PV Tech after that announcement, Lightsource BP COO Kareen Boutonnat revealed that bifacial technology would play a prominent role in the firm’s future developments and would “probably” feature in all of its pipeline.

“We expect the technology to be a significant leap forward,” she said.

In late October, Lightsource BP closed financing arrangements for a 200MWp project in Australia which will use Canadian Solar-manufactured bifacial panels.

Boutonnat told PV Tech that Lightsource BP had in fact been piloting the technology for more than two years, using its Lightsource Labs R&D division to assess bifacial panel performance on various sites.

This has led Lightsource BP to be in a position of comfort with the technology, Boutonnat said, impressed enough with potential gains in yield to deploy it en masse.

Lightsource BP sees particular potential for the technology to be deployed within its growing US-based pipeline, despite an ongoing trade row that sees the Trump administration keen to close a loophole that had exempted bifacial panels from a 30% import tax.

Of Lightsource BP’s 12GW+ pipeline, chief executive Nick Boyle said that more than 5.3GW spans across the US, the largest share of any single market in Lightsource BP’s portfolio.

6 October 2021
The future is bright for a new era of US solar and storage, and the 8th annual Solar & Storage Finance Summit will provide opportunities to discuss solutions to the industry’s challenges and provide a networking platform designed to bring together the top minds in the industry to do business. With a mix of high-level, informative presentations and panels, a stellar cast of speakers and audience members with deal-making capacity, the 2021 edition of the event will be a sell-out success.

Read Next

September 16, 2021
Renewables developer Amp Energy has secured financing for a 120MW solar installation in the Australian state of New South Wales that is expected to begin energisation in early 2022.
September 16, 2021
Australia’s government has committed AU$19.2 million (US$14 million) to implement the recommendations of a new report that that aims to improve regulation and compliance in the country’s rooftop solar sector.
September 16, 2021
Energy engineering firm Babcock & Wilcox is to enter the US solar market through the acquisition of a majority stake in Illinois-based solar contractor Fosler Construction.
September 14, 2021
Polish renewables developer PAD-RES is to be acquired by a joint venture established by real estate investor Kajima and private equity firm Griffin Real Estate.
PV Tech Premium
September 13, 2021
Following the release of the US Department’s Solar Futures Study, Liam Stoker assesses the downstream and upstream trends that must be realised for US solar to fulfil its potential.
September 13, 2021
The Australian Renewable Energy Agency (ARENA) will support projects that further lower the cost of renewable generation as part of a new investment strategy aimed at underpinning the transition to net zero emissions.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 6, 2021
Solar Media Events
October 19, 2021
BRISTOL, UK
Solar Media Events
December 1, 2021