Another suitor in the mix for Lightsource bp Renewable Energy Investments Limited (Lightsource BP) has surfaced and is set to give Palisade Investment Partners Limited (Palisade Investment Partners) a run for its money. DataRoom can reveal that French investor Engie SA (ENXTPA:ENGI) is also looking to pick up the business that is up for sale through investment bank Macquarie Group Limited (ASX:MQG). The understanding is that it could achieve a price close to $1 billion.

A roadshow was held through Asia around June for Lightsource and bids are now understood to be due next month.