Lightsource bp aims to build up to 400 megawatts of German solar annually

PV Tech:

Solar developer Lightsource bp has entered the German solar PV market and is aiming to develop between 300-400MW per year by 2030.

As it enters the biggest solar market in Europe, the UK-based developer is aiming to have a solar PV pipeline at the gigawatt level and is exploring greenfield, co-development and acquisition opportunities, according to Stephan Jeznita, head of business development at Lightsource bp in Germany.

This marks the tenth European market the solar developer has entered, right when the German Federal Ministry for Economic Affairs and Climate Action published its national solar strategy on Tuesday that aims to treble the actual rate of its annual solar PV installation, while last year Germany amended its nearly US$30 billion renewable energy scheme designed to reach the 215GW of solar PV target by 2030 set by the European country.

“Our country has set itself very ambitious goals and is on the way back to becoming a global pioneer. Approval procedures are still too complex and lengthy. However, as a company, we can handle complexity and we are not deterred by complicated approval processes,” said Jeznita.

[Jonathan Tourino Jacobo]

More: Lightsource bp enters German market, targets up to 400MW solar PV per year by 2030