Lightsource BP finds new buyer for $800m renewables portfolio

The Australian Financial Review

Sep 01

Months after an $800 million-plus deal to sell local renewable energy assets to a Chinese company crumbled, Lightsource bp is in exclusive discussions with a Macquarie-backed developer to finally offload its extensive portfolio.

Lightsource bp is part of the British oil giant, and has been working to sell a 1037-megawatt portfolio of solar farms to Beijing Energy International Holding. The deal had been struck in December 2023, but became stuck in a Foreign Investment Review Board quagmire.

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