Lightsource BP, a joint venture between Lightsource and BP, has signed agreements with two Italian firms for the development of 400MWp worth of photovoltaic (PV) projects in Italy.
The company signed the first agreement with engineering company Solar IT for the development of 200MWp of PV capacity in Veneto, Piedmont, Emilia-Romagna, Friuli Venezia Giulia and Lombardy.
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The second agreement is with TEP Renewables’ Italian arm for the joint development of a 200MW PV project pipeline located in north-central Italy and on the country’s two largest islands, Sicily and Sardinia.
Of the pipeline’s total capacity, 163MW has been identified and is expected to come online over the next two years.
Lightsource BP Italy country head Giovanni Mascari said: “We have worked intensively to develop a solid portfolio of photovoltaic projects in Southern Italy.
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“Now we believe that the time has come to increase our ambitions and expand to the rest of the country, kicking off our activities in Northern Italy.
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By GlobalData“The North offers several opportunities linked above all to a more streamlined authorisation process and the possibility of securing power purchase agreements (PPAs).
“We intend to seize these opportunities and continue to strengthen relationships with local developers, institutions and communities.”
The companies will also focus on integrating solar power facilities with energy storage systems to make the national electricity grid more flexible.
Through these partnerships, Lightsource BP intends to further bolster its presence in the Italian renewable sector by exploring new opportunities in Central and Northern Italy.
Mascari added: “Lightsource BP’s experience in developing land-specific projects, for example, through the implementation of agrovoltaic initiatives, the installation of transmission lines, as well as coordination work with multiple partners, will allow us to offer sustainable and affordable solar energy to companies and communities of almost all of Italy.”
In October last year, Lightsource BP signed a deal to co-develop a 757MWp solar portfolio in Poland.
