Under the consultancy of Capcora, the project developer Lightsource BP is selling a ready-to-build solar project in Portugal to the electricity producer and energy supplier Exus Renewables. The Cebele solar park between Rio Maior and Cadaval in the southwest of Portugal is planned to have a capacity of 130 megawatts.
Expanding into a hybrid project
Thanks to its strategic location, there is even the option of combining the solar park with a wind power plant. However, this is not yet planned. “The Cibele project not only contributes to renewable energy capacity in Portugal, but is also an example of the forward-looking approach of hybrid projects to maximize resource efficiency,” emphasizes Jochen Magerfleisch, Partner at Capcora. “Collaborations like these are crucial to accelerate the energy transition and drive innovation in the development of renewable energy.”
Cornerstone is laid for the solar park
The start of construction is scheduled for the coming months. The plant is expected to go into operation in 2026. “This acquisition is a significant step in Exus' journey to become a leading global independent power producer and expands our portfolio of renewable energy assets in Europe,” said Victor López, Head of M&A at Exus Renewables. “Lightsource bp has done an impressive job laying the basis for the realization of the Cibele solar park. We are now looking forward to taking over the construction and subsequent operation. The project gives us the opportunity to continue making smart investment decisions while fulfilling our mission to create a greener and more sustainable future for all.”
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Partnership between developer and investors
Miguel Lobo, Head of Lightsource BP's Portugal office, added: “We are very pleased with the result of the collaboration with Exus, as transactions of this nature are clear proof that partnerships between renewable energy developers and investors play a crucial role in promoting the energy transition.”
Large-scale project in Spain with particularly high yield forecast
The transaction will enable Lightsource BP to continue to grow and implement more projects. “We are committed to promoting renewable energy in Portugal and have a solid portfolio of projects in various stages of development with a current capacity of over 2.5 gigawatts,” says Miguel Lobo. (su)
