British Petroleum to sell its Lightsource solar business to a Kuwait sovereign wealth fund-led consortium

Type: Sale · Technology: Solar · Country: United Kingdom · Announced: 2026-07-29

British Petroleum is in advanced talks to sell its solar energy unit, Lightsource, to a consortium led by Kuwait's sovereign wealth fund. The transaction would transfer ownership of Lightsource's solar portfolio, which spans projects in multiple regions, to the Kuwaiti investor. BP aims to refocus on its oil and gas operations as part of a strategic shift announced in 2026. The sale is expected to enhance BP's financial flexibility amid recent pressures. No financial terms have been disclosed for the deal.

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