Petrobras Acquires 49.99% Stake in Lightsource bp's Brazilian Subsidiary

en.Wedoany.com Reported - Petróleo Brasileiro S.A. – Petrobras announced it has completed the acquisition of a 49.99% stake in Lightsource bp's Brazilian subsidiary, establishing a strategic partnership between the two companies in the onshore renewable energy sector in Brazil, including energy storage. The transaction, previously announced on December 16, 2025, was finalized after obtaining the relevant regulatory approvals.

The partnership is structured as a joint venture with shared governance, including a board of directors with equal representation from both companies. Lightsource bp will contribute its assets and projects in Brazil, including the currently operational Milagres Solar Photovoltaic Power Station (212 MWp), as well as projects in the late stages of development. Petrobras will contribute its experience in engineering, permitting, and regulatory affairs, along with its strategic direction to expand its renewable energy business activities.

Through this initiative, Petrobras expands its presence in Brazil's solar power generation and renewable energy sector, aligning with its 2026-2030 Business Plan. Lightsource bp is a global independent power producer offering integrated onshore renewable energy and energy storage solutions, operating in more than 15 countries across three global regions, having developed 14.2 GW of projects with a project pipeline potential exceeding 52 GW, and is a bp-owned company.

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