Exus acquires Lightsource bp’s 130MWp Cibele solar farm in Portugal

Exus Renewables has acquired the 130MWp Cibele solar farm in Portugal from Lightsource bp. Located in Rio Maior and Cadaval, the project is ready for construction, which is set to begin in early 2025, with operations expected in 2026.

The acquisition supports Exus’ renewable energy strategy in the Iberian Peninsula and aligns with its hybridisation goals, as the site allows for potential future wind energy integration.

Exus Renewables’ Victor López highlighted that the project enhances the company’s renewable portfolio in Europe, while contributing to Portugal’s 20GW renewable energy target by 2030.

Lightsource bp’s Miguel Lobo noted the company’s commitment to expanding renewable energy in Portugal, with a portfolio of over 2.5GW under development.

Exus has also purchased the 51MW Cascante wind farm in Spain, with plans to expand its portfolio of 200MW of wind and solar assets in development, 70MW under construction, and 130MW operational in Portugal. The company manages 6GW of renewable assets across Europe.

Cuatrecasas provided legal services, Mott MacDonald offered technical advice, and Lightsource bp’s financial matters were handled by Capcora, with legal counsel from PLMJ and technical consulting by Enertis.