Lightsource bp, a wholly owned subsidiary of BP PLC, has secured NT$6 billion (US$200 million) in financing for Project Budai—one of Taiwan’s largest fishery solar farm developments. Crédit Agricole CIB acted as Mandated Lead Arranger for the transaction.
Located in Chiayi County, Project Budai will span over 150 hectares and feature solar photovoltaic (PV) systems installed above outdoor fish farms. Once operational—expected by 2026—the project will contribute to Taiwan’s renewable energy capacity while enabling continued local aquaculture and food production.
The development forms part of Taiwan’s broader goal to achieve 20 gigawatts (GW) of installed solar capacity by 2025, including 4.4 GW specifically from fishery solar initiatives. These dual-use projects are seen as a viable solution to land-use constraints by integrating solar infrastructure with active agricultural and fishery sites.
Fishery solar installations are inherently complex, often requiring coordination across multiple land parcels and stakeholders, as well as additional permitting. Crédit Agricole CIB worked closely with Lightsource bp and other financial institutions to navigate the regulatory and contractual challenges of the transaction.
This marks Lightsource bp’s first major project in Taiwan and Crédit Agricole CIB’s second financing of a fishery solar initiative in the region.
