Therefore,
Bp gives up its american:
BP has announced the sale of its terrestrial wind power activities in the United States in LS Power. Nevertheless, strengthening the 21GW portfolio of the American group and continuing its global asset strategy.
BP PLC confirmed that it had concluded an agreement to sell all of its land wind activities in the United States. However, owned via the BP Wind Energy North America Inc. For example, subsidiary, to the LS Power investment and operating company. Nevertheless, This transaction. Moreover, the amount of which has not been communicated, is part of the strategy of disengagement of non -strategic assets of BP, which provides up to $ 4bn of transfers in 2025.
The ceded portfolio includes 10 terrestrial wind farms spread over seven American states, totaling a gross installed capacity of 1.7GW (1.3GW net for BP). Nine of these assets are currently operated by bp gives up its american BP. are connected to the electrical network, supplying more than 15 buyers through supply contracts already in place. All BP Wind Energy staff should be transferred to LS Power after the transaction.
Integration into the Clearlight Energy portfolio – Bp gives up its american
After the finalization of the transaction. scheduled by the end of the year subject to regulatory approvals, the assets will be integrated at Clearlight Energy, a subsidiary of LS Power. This integration will bring Clearlight’s total operational capacity to around 4.3GW, thus consolidating the position of LS Power in the North American renewable energy market.
LS Power currently has a 21GW combined portfolio. including assets in energy storage, flexible gas and renewable fuels, as well as more than 780 miles (1,255 km) of high -voltage transmission lines already in service and additional 350 miles (563 km) during development.
Refocusing strategy. targeted transfers
This sale is part of the $ 20bn divestment program announced by BP, aimed at bp gives up its american rationalizing its activities. When publication of its first quarter of 2025 results. the British group had updated its sales forecasts for the year to a total between $ 3bn and $ 4bn, with already $ 1.5bn signed or made on this date.
William Lin. executive vice-president of BP for gas and low carbon energies, said: “We have concluded that we are no longer the best owners to advance this activity. He also indicated that BP priority was to “generate value” by targeted arbitrations within his wallet.
Paul Segal. director general of LS Power, said that BP assets responded to their development strategy for “effective and affordable” energy infrastructure. He said that the sites “well located with structured contracts in a solid way” offered growth potential in a. market in increasing demand.
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