Azerbaijan, bp, and SOCAR unveil 240 MW Shafag PV plant
The 240 MW Shafag Solar Plant, backed by Azerbaijan, bp, and SOCAR, begins operations in Jabrayil. This $200 million project will cut CO₂ and save natural gas. Learn more here.
#bp
bp completes Lightsource bp acquisition
UK’s Lightsource bp was fully acquired by bp, securing bp’s complete ownership of a 62 GW renewable energy pipeline across 19 countries. You can discover more about this acquisition here.
bp acquires Lightsource bp to accelerate sustainable growth
bp plans to fully acquire Lightsource bp, leveraging its capital-light model and bp’s financial and trading expertise to drive double-digit equity returns. The integration supports bp’s growth in hydrogen, EV charging, biofuels, and power trading. The acquisition is structured competitively, emphasizing performance, and may involve bringing in a strategic partner in the future.