Image: Lightsource bp 

Solar energy developer Lightsource bp has signed its first power purchase agreement (PPA) in Taiwan with Star Trade, a subsidiary of Taiwanese energy firm HD Renewable Energy (HDRE). The agreement covers 100% of the power generated from Lightsource bp’s 115MW Budai solar PV project.

The Budai project is a pioneering solar-fisheries hybrid development located in the Budai region of western Taiwan, an area well-known for its aquaculture. The project features solar panels mounted above and between fish farms, allowing land to serve both energy production and aquaculture. This dual-use model provides shade and shelter for the fish, while maintaining full access for farmers and enhancing land productivity.

Lightsource bp secured TWD6 billion (US$206 million) in financing earlier this month from a consortium of local and international banks. Construction is currently underway and completion is expected in 2026.

“This agreement strengthens our position in Asia Pacific’s evolving energy markets,” said Melanie Sutton, Director of Power Markets APAC at Lightsource bp. “Project Budai is not only about advancing utility-scale solar – it demonstrates how Lightsource bp is leveraging market intelligence and commercial innovation to adapt, optimise and grow.”

With this milestone, Lightsource bp aims to continue expanding and diversifying its pipeline across the Asia-Pacific region.