EY advises on sale of Lightsource solar photovoltaic project

EY has advised on the sale of Lightsource’s 247MW solar photovoltaic (PV) project to independent renewable energy investors Plenium Partners and Bankinter Investment

EY was appointed as financial advisor and Uría Menéndez as legal advisor by Lightsource bp for this transaction. Gómez-Acebo and Pombo was appointed as Plenium and Bankinter’s legal advisor.

The asset is a five-project cluster in Aragón, Spain, which has been in operation since 2021 and demonstrates Lightsource bp’s capability to invest in, deliver and construct quality solar sites that can support renewable growth ambitions of investors, utilities, and other asset owners.

Kareen Boutonnat, CEO for EMEA and APAC at Lightsource bp, said: “Transactions like these demonstrate our strong credentials in delivering quality constructed and operational assets as a trusted partner, supporting the renewable ambitions of Plenium Partners and Bankinter Investment.

“In Spain, Lightsource bp continues to move at pace to further progress our gigawatt-scale project development portfolio and the growth of solar required to deliver on national targets.”