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Masdar to buy 550MW Greek solar project from Lightsource bp
Original: Masdar to acquire over 550MW Greek solar project from Lightsource bp
UAE renewable energy company Masdar has agreed to acquire a solar project in Greece of more than 550 megawatts from Lightsource bp. The deal gives Masdar a significant stake in Greece's growing solar sector, which is expanding quickly as part of Europe's push to cut reliance on fossil fuels. Financial terms and a completion timeline have not been disclosed.
Why now: The Gulf state's expanding renewable investments in Europe signal growing competition for large-scale clean energy assets.
Evidence
- Masdar to acquire over 550MW Greek solar project from Lightsource bp · Power Technology
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