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KLC Advises Lightsource BP on PV Project Financing in Greece

KLC Advises Lightsource BP on PV Project Financing in Greece

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Kyriakides Georgopoulos has advised Lightsource BP on the financing-related land and regulatory due diligence of a PV project in Greece with a capacity of 560 megawatts and a budget of EUR 395.15 million in the areas of Larissa and Fthiotida.

Lightsource BP is an international solar power developer and operator, focusing on creating low-carbon solar energy projects while boosting biodiversity. It is a subsidiary of British Petroleum.

According to KLC, “the subsidiary of Lightsource BP developing the project has recently entered into an agreement with Eurobank for its financing as part of the Greek National Reliance and Resilience Plan: Greece 2.0.”

Earlier, KLC advised on Lightsource BP’s sale of a 180-megawatt PV portfolio to Helleniq Renewables (as reported by CEE Legal matters on September 8, 2023). Also, back in 2021, Kyriakides Georgopoulos advised Lightsource BP on the acquisition of a 200-megawatt photovoltaics portfolio from Greek renewable energy developer Kiefer Tek (as reported by CEE Legal Matters on September 28, 2021).

KLC did not respond to our inquiry on the matter.

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