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BP PLC

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Lightsource BP Acquires 703 MW Solar-Project Portfolio in Spain

06/18/2021 | 03:12am EDT

By Jaime Llinares Taboada

BP PLC's subsidiary Lightsource bp has acquired a pipeline of three solar projects in Aragon, Spain, totaling 703 megawatts of generation capacity.

The solar energy company, which is 50% owned by BP, said the portfolio was acquired from Grupo Jorge and the three projects will be brought to construction in 2022.

The deal takes Lightsource's project pipeline in Spain to over three gigawatts, it said.

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

(END) Dow Jones Newswires

06-18-21 0512ET

Stocks mentioned in the article
ChangeLast1st jan.
BP PLC -0.21% 290.8 Delayed Quote.14.36%
WTI -0.03% 71.983 Delayed Quote.49.57%
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Financials (USD)
Sales 2021 219 B - -
Net income 2021 10 277 M - -
Net Debt 2021 39 966 M - -
P/E ratio 2021 8,64x
Yield 2021 5,18%
Capitalization 81 532 M 81 529 M -
EV / Sales 2021 0,55x
EV / Sales 2022 0,50x
Nbr of Employees 63 600
Free-Float 93,9%
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Mean consensus HOLD
Number of Analysts 25
Last Close Price 4,04 $
Average target price 4,96 $
Spread / Average Target 22,6%
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Managers and Directors
Bernard Looney Chief Executive Officer & Director
Murray Auchincloss Chief Financial Officer & Director
Helge Lund Chairman
Gordon Young Birrell Executive Vice President-Production & Operations
Paula Rosput Reynolds Senior Independent Director
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