Petrobras takes 49.99% stake in Lightsource Brasil to form renewable energy joint venture
PBR•Petrobras acquired a 49.99% voting stake in Lightsource Brasil NewCo Holding for a $32 million capital contribution, establishing a renewable energy joint venture in Brazil. Separately, an agreement with Shine I established joint control of Braskem while Petrobras retained its existing stake.
1. Renewable energy venture
Petrobras acquired a 49.99% voting stake in Lightsource Brasil NewCo Holding on May 20, 2026, establishing a joint venture covering onshore renewable power generation and energy storage in Brazil. Its $32 million capital contribution supports the partnership.
2. Braskem agreement
A separate shareholder agreement with investment fund Shine I took effect June 3, 2026, establishing joint control of Braskem. The agreement provides equal board and executive representation; Petrobras’s existing stake remains 36.15% of Braskem’s capital and 47.03% of its voting shares.
