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BP to reduce stake in Lightsource, ‘last ditch’ renewables retreat could face legal challenges

February 27, 2025
The retreat on renewables has been described as a "last-ditch attempt to cash in" against the rising tide of the energy transition.
British-oil-giant-bp-and-Azerbaijans-Ministry-of-Energy-240MW-solar-PV-plant-signing-ceremony-at-COP29

Azerbaijan to build 6GW of renewable energy by 2030

November 13, 2024
The announcement was made by the country’s president, Ilham Aliyev, during the opening ceremony of the Conference of the Parties 29 (COP29) summit, held in Baku, Azerbaijan.
The 260MW Impact Solar project in Texas was completed last year. Image: Lightsource BP.

bp completes acquisition of solar developer Lightsource bp; begins hunt for ‘strategic partner’

October 28, 2024
Oil and gas major bp has officially acquired solar PV developer Lightsource bp, securing the remaining 50.03% interest in the company.
Image: Lightsource bp

Lightsource bp to sell 294MW solar projects in Italy

January 31, 2024
Lightsource bp, the solar power arm of oil and gas major bp, has sold a 294MW solar portfolio in Italy to asset manager EOS Investment Management Group.
Lightsource bp's Wellington solar farm in New South Wales, Australia. Image: Lightsource bp.

Lightsource bp sells 1GW Australian solar portfolio to Beijing Energy

December 19, 2023
Lightsource bp has sold a solar portfolio in Australia with a combined capacity of 1GW to Beijing Energy International Australia.
Sheep graze under First Solar modules at a Lightsource bp solar farm. image: Lightsource bp

British energy major bp to take full ownership of Lightsource bp

December 1, 2023
Under the agreement, bp will acquire the remaining stake of 50.03% in Lightsource bp at a base equity value of US$320.96 million.
The 163MW Elm Branch project in Texas was developed by Lightsource bp and features First Solar’s Series 6 modules. Image: Lightsource bp.

Lightsource bp invites small businesses to apply for new European solar PPA

November 24, 2023
Lightsource bp has launched a request for submissions for its latest multi-buyer corporate power purchase agreement in Europe.
Lightsource bp's Barrica solar project in Spain. Image: Lightsource bp

Lightsource bp signs PPA with fashion and textiles collective the Fashion Pact

October 18, 2023
Lightsource bp has signed a virtual power purchase agreement with the Fashion Pact as fashion companies look to decarbonise their operations.
A solar project under construction.

Oil major bp begins construction at 187MWdc Peacock Solar project in Texas

September 27, 2023
British oil and gas major bp has started construction at its 187MWdc Peacock Solar project in southern Texas.
A solar project under construction.

Lightsource BP completes US$460 million deal for 368MW of US solar

June 2, 2023
Lightsource BP has completed a US$460 million financing package that will enable the construction of 368MW of solar power in the US.

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