BP Abandons Onshore Wind, Shifts Focus to Solar

BP plans to sell its U.S. onshore wind energy division in a move to simplify its business and focus on its solar operation, Lightsource BP.

The London-listed oil and gas company said it would soon launch the sale process for BP Wind Energy, as the business isn’t aligned with its growth plans for renewables via Lightsource BP, a solar joint venture it expects to take full ownership of before the end of the year.

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BP Wind Energy owns stakes in operating onshore wind energy assets across seven U.S. states. The grid-connected assets have a combined gross generating capacity of 1.7 gigawatts. BP didn’t provide financial details, but Bloomberg and the Financial Times have reported a business valuation of at least $2 billion.

Ed Morrissey

Lightsource apparently has some wind projects too, but this is still a big move away from the sea-based/adjacent wind systems. It's an interesting move, but perhaps more of an adjustment than a change in strategy. 

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