Lightsource bp receives the first “green light” for the Paiva solar project in Portugal. This large-scale project allows the development of the energy transition in Portugal through solar energy. The country’s goal is to reach net zero by 2050.
Lightsource bp solar energy
Solar energy is developing in Portugal thanks to the Paiva project, developed in partnership with local communities. Once built, it will provide a total power of more than 260 megawatts peak. The Lightsource bp project will provide enough sustainable energy to power more than 100,000 local homes per year.
The study concludes that the project will have a positive impact on several aspects. Thus, we find among them the environment and the creation of jobs in the region. Also, this project will be positive for the diversification of the country’s energy sources.
A global project
The Lightsource bp project will support commitments to reduce greenhouse gas (GHG) emissions. It also includes support for local services, infrastructure improvements, and biodiversity management and conservation. It also includes the promotion of cultural heritage and the development of local community initiatives.
The company intends to develop solar energy to help promote local biodiversity and contribute to economic growth. The company hopes to advance Portugal’s climate goals and green hydrogen program. Lightsource bp announced its establishment in Iberia in 2018, opening an office in Lisbon with a local team in 2019.
Lightsource bp in Portugal
Solar energy is at the heart of Lightsource bp’s development. Under the leadership of Country Head Miguel Lobo, the team in Portugal has built a project development pipeline of 1,500 MW. She continues to explore other opportunities.
The team is also in active partnership with the Portuguese gas company Dourogás. It also agreed on a unique green hydrogen joint venture to invest in solar and hydrogen infrastructure in Portugal. Lightsource bp is in the middle of an energy development in Portugal with this solar project in Paiva. The country is taking advantage of this to develop its energy transition.
