Published: 24 Nov 2020, 12:58
Image: Lightsource BP
Lightsource BP has appointed Craig Love as its new global head of structured finance to lead the company’s future growth ambitions.
Love previously held the role of managing director of Natwest Structured Finance, working on the bank’s investment into renewables and solar for a decade. He also has a pre-existing relationship with Lightsource BP, having funded its first deal in 2012 and helping it to raise over £2 billion to date.
Love is to manage Lightsource BP’s structured financing, fundraising and M&A activities as well as continuing to develop its financing capabilities and sources of funding.
He praised the company’s “entrepreneurial drive and spirit”, stating it is a “very exciting time to join” due to Lightsource BP nearly trebling its development activity in just over two years and now having a global pipeline of 16GW.
“As the company celebrates its 10th year in business, I look forward to working closely with investors and lenders to support both our and BP’s aspirations for the next decade of the company’s growth.”
In December 2019, Lightsource BP revealed it was pursuing a 1GW portfolio in the UK. Since then, it has announced a new 50MW bifacial solar farm near Castle Eden in Durham as well selling a 275MWdc portfolio of solar to Statkraft Ireland.