Lightsource

Lightsource bp is a global leader in developing, financing, and operating utility-scale solar power projects. The company has been actively working to accelerate the energy transition by deploying affordable and reliable large-scale solar solutions for businesses and communities. Lightsource bp's core contribution to sustainability is generating emissions-free electricity, adding security to the energy mix while driving down electricity costs.

Lightsource bp's approach involves working with utilities, businesses, local communities, and governments to meet the rising demand for sustainable energy. The company leverages its gigawatt-scale operations to provide benefits through economies of scale, ethical and sustainable procurement, and continuous improvement in quality and efficiency.

As of October 2022, Lightsource bp had developed 3.2 gigawatts of solar projects across the US, delivering on its mission of driving meaningful climate action through responsible solar development. The company aims to reduce its absolute Scope one and two emissions by 42% by 2030 from 2021 levels and its Scope three emissions by 52% per MW generation capacity constructed by 2030, from 2021 levels.

Lightsource bp offers various solutions to its partners, including build-transfer agreements, where the company develops and builds the solar project, transferring ownership to the counterparty at a defined point. Additionally, the company provides energy storage solutions to maximize the benefits of solar generation.

In November 2023, bp finalized a deal to acquire the remaining 50.03% stake in Lightsource bp, making it a wholly-owned subsidiary.