Outcomes
£1.2M
Forecast annual saving
57%
Spread improvement
4.7 bps
Weighted spread found at audit
The company
Lightsource bp has grown from a pioneering solar developer into a global leader in renewable energy, delivering sustainable power projects across more than 20 countries. With a diverse portfolio and extensive banking relationships across multiple currencies and markets, its treasury operations must run seamlessly to support global growth. Every inefficiency or lack of transparency in FX execution risks increasing costs, reducing visibility and impacting the company’s ability to manage exposure across its international footprint.
The results
The outcome was a 57% spread improvement, equivalent to a 1–2 bps reduction and a forecast annual saving of over £1.2 million. With ongoing monitoring through the platform, Lightsource bp now maintains complete visibility over FX execution quality, ensuring sustained efficiency, accountability and value across its global treasury operations.
£1.2M of procurement spend tracked with transparency
57% spread improvement
Full transparency and ongoing monitoring to prevent slippage
The mandate
Through an independent twelve-month audit and tender process, Lightsource bp gained full execution transparency and performance insight across all counterparties. The analysis identified a weighted average spread of approximately 4.7 bps, revealing significant room for improvement. Audere Analytics designed and managed a structured RFP process, ensuring competitive pricing and consistent reporting standards across all banking partners.
