The project of the Central Solar Sophia, valued at 590 million euros, has been substantially reduced by 35%. Lightsource bp, the company responsible for development, decided to cut the power and solar panel area by one third after being confronted with repair requirements from the Environment Agency and opposition from municipalities and local populations.
The company warned that without financial viability, the project will not move forward. This condition represents a clear warning that the changes imposed by regulatory entities and local opposition may compromise the economic viability of the solar center.
In addition to the Sophia project reduction, Lightsource bp announced that it has also withdrawn from the Beira project, which demonstrates a significant retreat in the solar energy expansion plans in the region by the company.
