A PetroBrazil plans to acquire a stake in the Brazilian operation of Lightsource bp – a solar energy and battery storage arm of BP Plc, according to information released by Bloomberg.
Professionals consulted by the Agency also revealed that the board of directors of the Brazilian state-owned company had already approved the acquisition of 49,9% of Lightsource bp Brasil at a meeting held this Tuesday (16). Both BP and PetroBrazilians did not comment on the matter.
According to Bloomberg, the move is aligned with the investment strategy of PetroBrazilians in the renewable energy sector through minority stakes in joint ventures, as foreseen in its investment plan for the coming years.
Earlier this month, the CEO of PetroMagda Chambriard, from Brazil, stated that the company should have a structured energy transition project approved by the end of 2025, without detailing which assets or businesses.
Currently, Lightsource bp is involved in the development, financing, and operation of solar projects in more than a dozen countries, with a growing focus on utility-scale battery energy storage systems.
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