By Dieter Holger

 

BP PLC (BP.LN) said Thursday that it has agreed to acquire an additional 7% in Lightsource BP, creating a joint venture with the European solar developer that the British energy company previously acquired 43% of in December 2017.

Financial details of the agreement weren't disclosed.

"We want to advance the solar energy business worldwide and we can bring scale, capability and resources to make that happen," said Dev Sanyal, chief executive of alternative energy at BP, in prepared remarks.

 

Write to Dieter Holger at dieter.holger@wsj.com; @dieterholger

 

(END) Dow Jones Newswires

December 05, 2019 04:36 ET (09:36 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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