BP is back in the solar game, teaming up with Lightsource

By Kathie Zipp Lightsource and BP have agreed to form a strategic partnership, bringing Lightsource’s solar development and management expertise together with BP’s global scale, relationships and trading capabilities to drive further growth across the world.
BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. The great majority of this investment will fund Lightsource’s worldwide growth pipeline. The company will be renamed Lightsource BP and BP will have two seats on the board of directors.
“We founded Lightsource to lead the solar revolution and chose to partner with BP because, like us,

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