Petrobras Enters Brazil's Solar Power Market With Lightsource bp JV

Key Takeaways Petrobras enters Brazil's solar market by buying a 49.99% stake in Lightsource bp's local units.The JV starts with the Milagres solar complex and includes a pipeline for gradual project expansion.The deal supports Petrobras' 2026-2030 plan to diversify energy sources while partnering as a minority owner.Petróleo Brasileiro S.A. - Petrobras (PBR) is making a clear move beyond oil and gas by entering Brazil’s solar energy market through a new partnership with the Brazilian unit of BP p.l.c.’s (B ...