Petrobras to Acquire a 49.9% Stake in Lightsource BP's Brazil Subsidiary

December 18, 2025--Petrobras (Rio de Janeiro, Brazil) has agreed to acquire a 49.9% stake in Lightsource BP's Brazil subsidiary to create an onshore renewable joint venture. The partnership is still pending regulatory approval, but it would open the door for Petrobras to acquire a renewable operational power plant and a pipeline of advanced projects between 1 gigawatt (GW) and 1.5 GW, according to the companies.