BP has agreed to acquire the 50.03 percent interest it does not already own in Lightsource bp, a solar and battery storage assets developer and operator, for an equity value of approximately 254 million pounds ($321 million). The transaction, announced Nov. 30, is expected to close in mid-2024. London-based BP was advised by Latham & Watkins partners Edward Barnett and Sam Newhouse. Counsel information for Lightsource was not immediately available.
Energy
December 01, 2023, 9:41 AM