BP Acquires Full Ownership of Lightsource BP to Strengthen Renewable Energy Portfolio

BP acquired the remaining 50.03% stake in Lightsource bp, making the renewable energy company a wholly owned subsidiary of BP. 

The acquisition, first announced in November 2023, is now finalized, boosting BP’s stance in the onshore renewable energy sector with a 62 gigawatt (GW) pipeline of solar and battery storage initiatives across 19 countries. These efforts underscore BP’s commitment to renewable energy.