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Home > Finance > Lightsource BP enters Japan renewable market with 15 MW solar project

Finance

Lightsource BP enters Japan renewable market with 15 MW solar project

Published by Global Banking and Finance Review

Posted on February 13, 2025

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TOKYO (Reuters) - Lightsource BP, a unit of British oil giant BP, announced on Thursday its entry into the Japanese renewable market with the acquisition of a 15 megawatt peak(MWp) solar project in northern island of Hokkaido.

The move marks an important expansion of the company's operations in the Asia-Pacific region, leveraging its global expertise to help support Japan's energy transition, Lightsource BP said in a statement.

With its entry into Japan, Lightsource BP now operates in 20 global markets, up from 19. The company has a global solar development  pipeline exceeding 58 gigawatt(GW), including nearly 8 GW of projects in the Asia-Pacific region, the company added.

Last year, BP took full ownership of Lightsource BP.

(Reporting by Yuka Obayashi; Editing by Tomasz Janowski)

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