economy
BP nears deal to sell solar business Lightsource to Kuwait-backed group
Qualitas Energy and investment arm of sovereign wealth fund in advanced talks to purchase renewables business
TL;DR
- BP is in advanced negotiations to sell its solar business, Lightsource.
- The potential buyers include Qualitas Energy.
- An investment arm of Kuwait's sovereign wealth fund is also part of the talks.
- This sale represents a strategic shift for BP concerning its renewables portfolio.