The activity and maintenance activities of Lightsource BP (R&M) have signed a new five-year contract with Atrato Onsite Energy for a 5MW project in Cornwall.
The company, part of Oil and Gas Major BP, has 29 new assets on board in 2025 and manages 1.3 GW in 180 solar locations on utility scale in the UK. In Global Solar PV Operations and Maintenance (O&M) Service provider Dynamics 2025 Due to Market Intelligence Firm Wood Mackenzie, Lightsource BP is the third largest O&M platform in the UK.
Readers will probably remember that at the end of July, BP announced that the UK O&M platform was for sale As a fully packaged, independent opportunity, after an earlier announcement that it would sell 50% of its interest in the Development Company of the Solar daughter Lightsource BP.
Spend against Solar -Energy Portal Santiago Beltran, global solar analyst at Wood Mackenzie, said about the O&M repellent, that BP is no longer interested in maintaining an interest in the market.
However, the new five -year contract with Atrato confirms that the platform will continue to operate on the market without the support of BP, assuming that a buyer arrives. Wood Mackenzie suggested that market leaders RES of Baywa.Re could take the portfolio to increase their market lines, or a smaller player would use the 1.3GW portfolio to reach the British market.
At the end of 2024, Atrato On -Site Energie sold a considerable part of his companyWith Brookfield Asset Management that absorbs the commercial and residential solar port folio on the roof of the company in a £ 220 million deal.
As solar analyst Josh Cornes wrote in a recent market update for Solar Power Portal, the run-up to the reformed grid connections Process Gate 2 closure saw a tree in the VK mergers and acquisitions (M&A) Market. Read his Full article here.
