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BP Puts $2B US Onshore Wind Business Up for Sale
BP is offloading its onshore wind business in the US, valued at approximately $2 billion, as part of a broader strategy to streamline its renewables sector and divest from less profitable assets. The company plans to sell nine wind farms it fully owns and its stake in a tenth in Hawaii. This move aligns with BP’s renewed focus on Lightsource bp, its solar energy division currently in the process of being acquired. The decision to sell follows a significant write-down of $1.1 billion on its offshore US wind projects last year, a result of difficulties in advancing three east coast projects. Former renewables chief Anja-Isabel Dotzenrath, who left BP in April, criticized the US offshore wind sector as fundamentally flawed. William Lin, BP’s new head of gas and low carbon, noted that the onshore wind business does not fit with BP’s growth plans for Lightsource bp and that the company aims to simplify its portfolio while concentrating on value. For more details please visit our website - https://www.fortuneviews.com/bp-puts-2b-us-onshore-wind-business-up-for-sale/
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Target State: California Target City : Carlsbad Last Update : Oct 22, 2025 7:03 AM Number of Views: 28	Item Owner : fortuneviews Contact Email: (None) Contact Phone: (None)

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Hot-Web-Ads > Communities > News & Events > Item ID 15260926

2025-10-24 (0.609 sec)