Lightsource bp, a subsidiary of bp, has made a strategic investment in growing its operations in the Asia-Pacific region by acquiring a 15MWp solar project in Hokkaido, Japan. This move marks Lightsource bp’s entry into Japan, aligning with its efforts to support the country’s energy transition.
The acquisition of the Hokkaido solar plant is a key milestone for Lightsource bp’s overall Asia-Pacific growth strategy. Lightsource bp already has operations in Australia, where it has developed a portfolio of large-scale solar assets. It is also expanding in South Korea, Taiwan, and New Zealand, showcasing its ability to grow and diversify renewable energy solutions.
Pioneering Japan’s Energy Transition
Japan aims to increase its solar capacity as part of its decarbonization and energy source diversification efforts. Lightsource bp will help Japan achieve its energy aspirations through its successful and proven renewable energy developments. The company also aims to build long-lasting relationships with local stakeholders to help the country transition into a low-carbon, sustainable future.
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Adam Pegg, Chief Operating Officer for APAC at Lightsource bp, “Our entry into Japan reflects our commitment to contributing to the region’s energy transition. By combining our international experience with local partnerships, we aim to support Japan’s renewable energy goals while building a strong and sustainable pipeline of renewable energy projects. This is just the beginning of our operations in Japan, and we’re excited to support the nation’s ambition for a low-carbon future.”
He added, “As a global organisation, our success depends on fostering collaboration and creating long-term value for the communities we work with. We’re committed to building partnerships in Japan that deliver shared benefits – for the economy, the environment, local communities, and our partners.”
A Strong Global Presence
Furthermore, Lightsource bp has expanded into 20 international markets with its entry into Japan. With about 8GW of projects centered on the expanding APAC area, the company’s solar development pipeline surpasses 58GW. Additionally, as a pioneer in massive solar projects, Lightsource bp concentrates on environmentally and economically beneficial sustainable energy solutions.