Lightsource BP Continues Expansion with New Project in Taiwan

Global solar leader Lightsource BP has secured a 150MW project co-locating solar with aquaculture in partnership with Green Rock Energy in East Asia. With this project, Lightsource BP continues its mission to expand globally.

May 23, 2022. By News Bureau

Global solar leader Lightsource BP has secured a 150MW project co-locating solar with aquaculture in partnership with Green Rock Energy in East Asia. With this project, Lightsource BP continues its mission to expand globally.

The company’s strategy in Taiwan encourages partnering with Taiwanese developers to combine its world-class solar expertise with the local knowledge and experience of its partners.

Nick Boyle, Group CEO, Lightsource BP, said: "There are a lot of interesting opportunities for solar in Asia and our long-term ambition is to have an EMEA, Americas, and an Asia Pacific region so we're excited that through our first East Asian project in Taiwan, we are beginning to build that third leg of the stool."

The company’s Taiwan market entry comes after it secured a $1.8 billion credit and trade finance facility in the previous year to aid its global growth strategy of developing 25GW of solar by 2025. The funding is provided by 10 top-tier global financial institutions, to promote its growth ambitions and execution strategy as it continues to accelerate the deployment of solar across the EMEA, Americas, and Asia Pacific regions.

Lightsource BP's 150MW Budai project gives equal consideration to clean energy, ecological and economic development. This project will be one of the largest fishery solar farms in Taiwan, generating 750 job opportunities during construction which is expected to commence in June 2023. 

Alongside providing locally generated renewable energy and creating new jobs, Lightsource BP's fishery solar project has been designed to benefit the local environment and community. 

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