Caisse de dépôt et placement du Québec (CDPQ), a long-term institutional investor, and Lightsource BP today announced a debt investment of £150 million (CAD260 million), to finance a portfolio of solar assets owned and managed by Lightsource BP.

The facility will initially be used to finance a diversified portfolio composed of over 100 solar projects located across various countries and totalling more than 700 MW. Over time, the facility could expand with further investment from CDPQ funding assets developed through the Lightsource BP pipeline.

"We're very proud to be partnering with CDPQ. This platform marks the beginning of a very exciting opportunity for both companies as it supports both Lightsource BP's ambition to become a world leading owner and operator of solar assets and CDPQ's commitment towards sustainable investing. We intend to grow the platform and seek further funding for assets to be developed over the next few years", said Paul McCartie, Group Chief Investment Officer, Lightsource BP.

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CDPQ   Lightsource BP  

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