Lightsource bp and Toyota Motor North America have concluded a 15-year virtual power purchase agreement (VPPA) linked to electricity from the 231 MW Jones City 2 solar project in Texas, US. The project forms part of the larger Jones City energy center and entered the construction phase in spring 2025. Under the fixed-rate arrangement, the solar generation will support Toyota Motor North America’s renewable energy commitments through the contractual structure.
The Jones City energy center comprises Jones City 1 solar, Jones City 2 solar, and a planned energy storage facility, with a cumulative capacity of 700 MW. Once operational, the energy centre is expected to generate electricity equivalent to the consumption of approximately 96,000 homes. Furthermore, the development is projected to contribute around $86 million in property tax revenues over its lifetime, supporting public services in Jones County, Texas.
In December 2025, Petrobras and Lightsource bp entered into a strategic partnership to collaborate in the onshore renewable energy segment in Brazil. Under the agreement, Petrobras acquired a 49.99 per cent stake in Lightsource bp’s Brazilian subsidiaries, with the transaction subject to regulatory approvals. The partnership will be structured as a joint venture with shared management responsibilities between Petrobras and Lightsource bp.
