A Petrobras reported this Wednesday (20) that it has completed the acquisition of a 49,99% stake in the subsidiaries of lightsource bp in Brazil, consolidating a strategic partnership focused on expanding renewable energy (especially solar) and energy storage projects in the country. The purchase price was not officially disclosed..
The operation establishes a a joint venture with shared management between the companies, including a board of directors formed in equal parts by representatives of Petrobras and Lightsource bp. The completion of the transaction (which began at the end of last yearThis occurred after obtaining the necessary regulatory approvals.
As part of the partnership, lightsource bp The company will contribute assets and projects under development in the Brazilian market, including the Milagres photovoltaic solar power plant, located in Ceará, which has an installed capacity of 212 MWp and is already in commercial operation. The agreement also involves renewable projects in an advanced stage of development.
Already PetroBras will contribute its expertise in engineering, licensing, regulatory framework, and execution of large energy infrastructure projects, in addition to expanding its strategic role in the renewable energy generation segment.
According to the state-owned company, the initiative is aligned with the 2026-2030 Business Plan, which foresees expanding the company's presence in renewable energy sources and new low-carbon energy solutions.
The movement also reinforces the advancement of PetroBrazilian companies are investing in areas considered strategic for the energy transition, including centralized solar generation and energy storage — a segment that has been gaining relevance in the face of the growth of intermittent sources and the need for greater operational flexibility in the Brazilian electricity system.
About Lightsource bp
Lightsource bp operates as a global independent power producer, offering integrated onshore renewable generation and energy storage solutions. With a presence in over 15 countries, the company has approximately 14,2 GW of developed projects and a global pipeline exceeding 52 GW.
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It's a business of PetroBrás, at the very least strange. Brazil needs the PetroBrás [state-owned company] to harm oil and fuel and related products (for example, reacquire BR Distribuidora).
Doing business with solar energy? That should be something any other private (or state-owned) company could consider.
It's a business of PetroBrás, at the very least strange. Brazil needs the PetroBrás [state-owned company] to harm oil and fuel and related products (for example, reacquire BR Distribuidora).
Doing business with solar energy? That should be something any other private (or state-owned) company could consider.