Lightsource bp has announced the sale of a portfolio of operational solar assets in Australia to Aula Energy. The portfolio comprises five solar photovoltaic (PV) projects Wellington, Wellington North, West Wyalong, Woolooga and Wunghnu with a combined installed capacity of 1,037MWdc.
The projects are located across New South Wales, Queensland and Victoria. Together, they generate around 2,230GWh of low-carbon electricity annually. The output is equivalent to supplying power to more than 380,000 households and is estimated to help avoid approximately 1.6 million tonnes of CO₂e emissions each year.
Adam Pegg, Chief Operating Officer for Asia-Pacific at Lightsource bp, said: “Completing this transaction marks an important milestone for Lightsource bp. These projects were the first assets we delivered in Australia, and they remain high-quality, productive assets with top-tier offtakers. We are pleased to reach an outcome with Aula Energy who will be an excellent long-term owner of these projects.
“Our strategy in the Asia-Pacific region has evolved significantly since these projects were conceived and we are now focused on developing hybrid renewable projects that combine onshore solar and wind with battery storage to deliver firm, flexible, and low-cost energy.
“These hybrid assets also provide tailored solutions that meet the specific needs of our partners and customers in Asia-Pacific. Across the region, the acceleration of data centre and AI-driven load, alongside the emergence of new non-traditional energy users, is rapidly reshaping the future energy mix. Lightsource bp’s solutions that combine onshore renewables (both solar and wind) with battery storage solutions are well positioned to support that growth with reliable, scalable solutions that can respond to the region’s evolving demand profile.”
Strategic Transition to Hybrid Renewable Projects
Key highlights of the transaction include:
- Five operational solar PV projects
- Total installed capacity of 1,037MWdc
- Annual generation of approximately 2,230GWh
- Avoidance of around 1.6 million tonnes of CO₂e per year
- Equivalent power supply for over 380,000 homes
Lightsource bp continues to advance a development pipeline exceeding 9.5GW of solar, wind and battery storage projects across Asia-Pacific. The company noted that supportive policy frameworks in the region are accelerating renewable energy deployment.
With this sale, Lightsource bp has completed the divestment of the first utility-scale solar projects it developed in Australia. A previously announced transaction for these assets in late 2023 did not proceed due to regulatory timing constraints, with both parties mutually agreeing to discontinue the process.
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