How Lightsource Inspired BP’s Low-Carbon Pivot

By [email protected] In 2010 the British solar developer Lightsource was formed. At the time, the U.K. had installed next to no solar. Generous government subsidies were implemented to help get the emerging technology off the ground.

It worked. Deployment ramped up quickly, and between 2014 and 2016, the U.K. was the largest end market in Europe, overtaking Germany.

Lightsource quickly became the largest developer in the country and then the continent. In 2017, oil major BP took a 43 percent stake, which has since been converted into a full 50-50 joint venture.

Now BP is eyeing a low-carbon revolution of its own — a 30-year

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