Lightsource BP has announced its plans to develop 467 MW of solar photovoltaic projects in Brazil’s Ceara state. The company has met with the state’s economic development and labour secretary to finalise the project which will be developed with an investment of $261.3 million. Under the plan, Lightsource BP will develop two solar plants in the countryside of the state. This includes a 202 MW plant in Milagres and a 265 MW solar farm in Ico. Both the projects have received installation licences and are expected to begin commercial operations by 2022-23. The construction phase of the project is expected to create around 1,400 direct jobs.

The Brazilian Solar Photovoltaic Energy Association has projected that solar photovoltaic projects will generate more than 147,000 new jobs for people in the country in 2021. Further,  new private investments in the sector are to the tune of $4.29 billion in 2021 with the additions in solar capacities through segments of distributed generation as well as utility-scale solar plants.

Lightsource BP is a renewable energy company that was founded in 2010 and is now one of the global leaders in the financing, development & management of solar energy projects. In January 2022, the company acquired 1.06 GW of solar projects in Spain from RIC Energy. The first batch of projects is projected to reach ready-to-build status by the end of 2021 and be commissioned between 2022 and 2025.