BP sells U.S. onshore wind division, focusing on solar business and oil/gas under new CEO.
BP is selling its U.S. onshore wind energy division, BP Wind Energy, which operates ten wind farms across seven states with a total capacity of 1.3 gigawatts. This move aligns with the company's strategy to focus on its solar business, Lightsource BP. The decision follows new CEO Murray Auchincloss's emphasis on oil and gas, alongside a hiring freeze and a halt on offshore wind projects, amid investor concerns about BP's energy transition plans.
September 16, 2024
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