Business · 25 July 2026

BP is preparing to sell its solar business to a Kuwait-backed fund

Weixi Zeng via Wikimedia Commons (CC-BY-SA-3.0)

The energy giant first invested in the four-gigawatt Lightsource division in 2017, and it now operates across 15 countries. A joint bid from private equity group Qualitas Energy and a Kuwait Investment Authority branch is currently the highest offer. The expected deal follows a recent decision by the British firm to drop its climate targets and prioritise fossil fuels.

By BriefTea Editorial · 25 July 2026 at 17:37

Reported by City AM · How we write briefs

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