In a strategic financial move, Eurobank and the Greek Recovery and Resilience Fund (RRF) 'Greece 2.0' have joined forces to support Lightsource bp’s subsidiary with a ~$340 million loan. This funding is earmarked for a robust 560MWp solar project in Greece.
💸 Financing Milestones: With the financing, Lightsource bp has secured a total of $2 billion in project-level debt financing since 2023, primarily across North America. Other key financings include:
-- $460 million for Honeysuckle and Prairie Ronde solar projects
-- $327 million for Diver solar farm
🌞 Project Specifications:
-- Location: Larissa and Fthiotida, Greece.
-- Capacity: 560MWp.
-- Completion Goal: 2026.
-- Expected Output: 0.90 TWh annually.
-- Total Investment: €395.15 million.
💰 Financial Structure:
The financing package includes $182 million from RRF resources.
Eurobank contributes the remaining $156 million, affirming its role in sustainable project finance.
🌱 Lightsource bp’s Growth in Greece:
Lightsource bp entered the Greek renewable sector in 2020, securing capacities through local auctions.
Since then, the company has executed over 1 GW of solar and storage assets.
The above analysis is proprietary to Enerdatics’ energy analytics team, based on the current understanding of the available data. The information is subject to change and should not be taken to constitute professional advice or a recommendation.
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