Key highlights
- Petrobras acquired a 49.99% stake in Lightsource bp's Brazil subsidiaries, forming a joint venture with equal representation on the Board.
- Lightsource bp contributed operational and development assets, including the 212 MWp Milagres PV plant, advanced-stage projects and energy storage capacity.
- Petrobras will provide engineering, licensing and regulatory expertise; the transaction aligns with its Business Plan 2026–2030 to expand onshore renewables.
Transaction completion
Petrobras completed the acquisition of a 49.99% stake in Lightsource bp's Brazil subsidiaries, forming a joint venture with shared management and a Board evenly composed of both companies; the deal closed after receiving regulatory approvals.
Assets contributed
Lightsource bp contributed assets and projects in Brazil, including the operational Milagres photovoltaic plant (212 MWp), advanced-stage development projects and energy storage capacity.
Role and strategic alignment
Petrobras will provide engineering, licensing and regulatory expertise and strategic direction for the JV, aligning the transaction with its Business Plan 2026–2030 to expand onshore renewable generation.
