UK-based bp finalized the acquisition of the remaining 50.03% stake in Lightsource bp, securing full ownership of the renewable energy company. With this acquisition, bp integrated Lightsource bp’s 62 GW development pipeline across 19 global markets, enhancing its renewable energy portfolio with utility-scale solar and battery storage projects. Lightsource bp, though now fully owned by bp, will continue to operate under its own brand, independently managing its solar and onshore renewable projects worldwide. The acquisition aligns with bp’s strategy to expand its renewable infrastructure and support clean energy projects.
bp completes Lightsource bp acquisition
bp’s acquisition of the remaining 50.03% of Lightsource bp enhances its renewable capacity across wind, solar, and battery storage. (Image Source: bp)
The solar project is projected to generate 295 GWh annually, contributing to the Philippines’ target of 35% renewable energy by 2030. (Image Credit/Source: Succo/Pixabay)
The Caucasus region will benefit from Astronergy’s cutting-edge photovoltaic technologies via Photomate. (Image Credit/Source: Linkedin/Photomate Eurasia)
The solar project supports Synopsys’ science-based targets of reducing scope 1 and 2 GHG emissions by 55% by 2032. (Image Credit/Source: MRganso/Pixabay)
BayWa r.e.’s solar portfolio supports tax revenue and renewable energy growth in key US markets. (Image Source: Bawya-re)