About the business

Lightsource bp is a global solar leader and 50:50 joint venture partner with BP, working with utilities, businesses, local communities, and governments to help meet the rising demand for affordable, reliable, and sustainable energy.

As a leading developer, financier, and operator of utility-scale solar, Lightsource bp has been building and growing meaningful partnerships across the energy transition for over a decade. Headquartered in London with activities across nineteen regions, Lightsource bp has developed 8.8GW of solar projects globally, supported by a team of over 1,000 specialists worldwide.

What was the climate opportunity or challenge the business faced?

Lightsource bp approached NatWest Group to support the expansion of one of its key solar platforms, financing the construction and operation of a strong pipeline of subsidy-free assets and consolidating operational roof-mounted installations into its portfolio.


How did NatWest Group help?

NatWest Group participated in a bilateral solar deal to finance the construction, acquisition and operation of a portfolio of both ground and roof-mounted solar photovoltaic assets located around the UK, including Northern Ireland – the vast majority developed, owned and operated by Lightsource bp directly. 


What were the outcomes?

This expansion was the fifth evolution of Lightsource bp’s growth platform, which now stands at 145MW of capacity, enough to power approximately 50,000 UK homes with renewable electricity.


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Finance is subject to status. Security may be required. Product fees may apply.

For more information on our activity on climate, environment, social and governance matters, please see NatWest Group’s 2022 Climate-related Disclosures Report (PDF 9.7MB) and NatWest Group’s 2022 Environmental, Social and Governance Supplement (PDF 9.6MB)

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