BP Selling US Onshore Wind Business as Lightsource Expands Role in Renewables
Monday, 16 September 2024, 05:54
BP Selling US Onshore Wind Business
BP is in the process of divesting its US onshore wind assets, aiming to offload 1.3GW of turbine capacity. This strategic move aligns with BP's broader efforts to focus on sustainable energy sources.
Lightsource's Expanding Role
As part of this shift, Lightsource, BP's joint venture in renewable energy, is adding new turbines to its remit. The expansion indicates a deliberate pivot towards enhancing operational capabilities in the renewables market.
- Market Dynamics: The transition reflects the broader trends in electricity generation.
- Renewable Growth: Investment in onshore wind continues to surge.
- Corporate Strategy: BP's commitment to sustainability is apparent.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.