17 June 2018
The project was financed in partnership with UK Climate Investments (UKCI), a joint venture between the Green Investment Group and the UK Government’s Department for Business Energy and Industrial Strategy (BEIS).
The commissioning of the 60 MWp solar farm in Wagdari, Maharashtra marks a significant milestone for Lightsource BP as its first utility solar asset commissioned in India.
The project is one of the first to be completed from this vintage of Solar Energy Corporation India (SECI) tenders and in line with the Power Purchase Agreement time schedule.
Construction, photovoltaic modules, and technical expertise for the project were provided by Sterling & Wilson and LONGi Solar. Project finance was provided by Rabobank.
Energy and Clean Growth Minister
Chief Executive Officer, Lightsource BP
UKCI Managing Director
About UK Climate Investments
UK Climate Investments is a £200 million pilot investment programme mandated to invest in India and sub-Saharan Africa. It targets transformational green energy investments where UK Climate Investments capital can mobilise additional private sector capital on a sustainable basis to promote cleaner, greener growth in these developing economies. UK Climate Investments LLP is a joint venture between the Green Investment Group and the UK Government’s Department for Business, Energy and Industrial Strategy. It forms part of the UK’s aid funded International Climate Finance, which is a UK Government commitment to support emerging markets and developing countries to respond to the challenges and opportunities of climate change. UK Climate Investments is managed by Macquarie Asset Management, the world’s largest infrastructure manager. For further information, please visit: www.greeninvestmentgroup.com/what-we-do/uk-climate-investments and www.gov.uk/guidance/international-climate-finance.
About Lightsource BP
Lightsource BP is Europe’s leading solar energy company and a global market leader in the development, acquisition and management of large-scale solar energy projects, as well as smart energy solutions. Through its integrated platform, ground-breaking structured finance, in-house engineering excellence and dedicated O&M division, Lightsource plays a pivotal role in driving the future global energy mix. The company also boasts some of the best talent in the industry, with a team of over 300 specialists in seven offices across three continents. www.lightsourcebp.com.