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Value Undisclosed
Summary
BP is nearing a sale of its solar power business, Lighthouse, to a consortium backed by Kuwait’s sovereign wealth fund.
Summary of transaction details:
- Value: Not disclosed
- Sector: Energy
- Advisor: Not disclosed
- Key Entities: BP, Lighthouse, Qualitas Energy, Wren House
- Location: Global
Note: The sale is part of BP’s strategy to sell assets and focus on oil and gas production, after abandoning its green energy targets. This move is expected to help the company reduce debt and boost profit.
Lead Investor / Acquirer
Qualitas Energy
Lead Investor / Acquirer
Wren House
Advising Broker
Undisclosed Firm
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Exited prioritisedOriginal Source
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