BP in advanced negotiations to divest Lightsource bp solar unit to Kuwait-backed consortium

BP is nearing a deal to sell its remaining stake in Lightsource bp to a consortium including Qualitas Energy and a Kuwaiti sovereign wealth fund investment arm. The divestment aligns with BP's strategic pivot to streamline its portfolio and focus on core hydrocarbon and integrated energy assets. The final valuation and specific terms of the transaction remain subject to ongoing negotiations.