Months after an $800 million-plus deal to sell local renewable energy assets to a Chinese company crumbled, Lightsource bp is in exclusive discussions with a Macquarie-backed developer to finally offload its extensive portfolio.
Lightsource bp is part of the British oil giant, and had been working to sell a 1037-megawatt portfolio of solar farms to Hong Kong-listed Beijing Energy International Holding. That deal, which had an equity value of $813 million, was struck in December 2023, but got stuck in a Foreign Investment Review Board quagmire.
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