UK-headquartered solar asset developer and operator Lightsource BP has acquired 2GW of greenfield photovoltaic projects in Brazil.
The transaction, with renewables developer Enerlife, is for solar PV plants at various development stages across the country.
As part of the deal, Enerlife’s chief executive, Miguel Lobo, and other senior executives will move across to Lightsource BP to continue serving the acquired portfolio.
Lobo will join Lightsource BP as business development director.
He has over 15 years of renewable energy expertise spanning Portugal, Spain, US and Latin America, and has worked on the development of almost 5GW of wind and solar projects.
Lighthouse BP group chief operating office Kareen Boutonnat said: “This move creates a very firm footprint for us across the region and bringing the Enerlife team onboard significantly enhances our local capability and experience.
These are the building blocks of which we will grow a very successful solar business across Brazil.”
Lobo said: “Based on our project development experience across Latin America, our team has achieved a significant portfolio in a short space of time.
“I am personally looking forward to growing and progressing further with the solid financial backing, wide experience and extensive procurement and supply chain relationships afforded by Lightsource BP.”