“BP’s $7 billion annual buyback program does not appear to be covered from 2025 onwards,” HSBC’s Kim Fustier said in a note last month when the bank downgraded the company. The wind farms, spread across seven states, are all operational and have a combined capacity of 1.7GW, of which BP owns 1.3GW. Analysts at RBC … Continue reading BP announces sale of US onshore wind portfolio to focus on photovoltaiv (PV)
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Equinor’s Empire Wind 1 offshore wind project wins construction approval in New York
Equinor, opens a new tab received approval from the New York State Public Utilities Commission to begin construction of its Empire Wind 1 offshore wind farm, Gov. Kathy Hochul said Thursday.The wind farm is scheduled to begin producing energy in 2026.Electricity generated from offshore wind farms is important to state and U.S. goals of reducing … Continue reading Equinor’s Empire Wind 1 offshore wind project wins construction approval in New York
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Contract signed for Norway’s first commercial offshore wind power plant
The Norwegian government has signed a contract related to the offshore wind farm in the Sørlige Nordsjø II area with Ventyr Energi, the winner of the recently held auction.Ventyr Energi, a consortium formed by Parkwind and Ingka Investments, obtained the rights to develop the wind farm in the Sørlige Nordsjø II area with a winning … Continue reading Contract signed for Norway’s first commercial offshore wind power plant
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Equinor to take full ownership in Empire Wind through a swap transaction with bp in the US
Equinor (OSE: EQNR, NYSE: EQNR) has entered into a swap transaction with bp, under which Equinor will take full ownership of the Empire Wind lease and projects and bp will take full ownership of the Beacon Wind lease and projects. Under the agreement, Equinor will take 100% ownership of Empire Offshore Wind Holdings LLC. Subject … Continue reading Equinor to take full ownership in Empire Wind through a swap transaction with bp in the US
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Empire Wind 2 offshore wind project announces reset
Equinor and bp today announced an agreement with the New York State Energy Research and Development Authority (NYSERDA) to terminate the Offshore Wind Renewable Energy Certificate (OREC) Agreement for the Empire Wind 2 project, an offshore wind project in the US with potential generative capacity of 1,260 MW. This agreement reflects changed economic circumstances on … Continue reading Empire Wind 2 offshore wind project announces reset
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Iberdrola and bp pulse launch their fast and ultrafast charging joint venture in Spain and Portugal
Iberdrola and bp pulse proudly announce the formal launch of their joint venture that recently received regulatory authorizations. The new company plans to create the most extensive high speed public charging network in Iberia. The aim is to promote access for all citizens to a reliable, high-speed charging infrastructure and thus helping to remove one … Continue reading Iberdrola and bp pulse launch their fast and ultrafast charging joint venture in Spain and Portugal
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BP plans to build the first subsidy-free offshore wind farms
BP plans to build two offshore wind farms in the Irish Sea without seeking government subsidies, according to The Times. If successful, this would be the first time subsidy-free offshore wind projects have been developed. The energy giant intends to circumvent the UK government’s contracts for difference (CfD) process, which guarantees fixed income for a … Continue reading BP plans to build the first subsidy-free offshore wind farms
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BP enters Germany’s offshore wind power with 4 GW
BP has been awarded the rights to develop two offshore wind farms in the German bidding round, marking its entry into offshore wind power in continental Europe.The two North Sea wind farms, located 130 km and 150 km offshore at sea depths of approximately 40 m, have a generating capacity of 4 GW. Subject to … Continue reading BP enters Germany’s offshore wind power with 4 GW
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ONYX Insight and bp Wind Energy deepen wind turbine predictive maintenance partnership
ONYX Insight, has deepened its partnership with bp Wind Energy with deployment of its predictive maintenance technology across the operator’s US onshore wind portfolio. The latest long-term deal will see ONYX continue the delivery of engineering, technical and analytics solutions to bp for the next five years, following a successful and trusted seven-year relationship. … Continue reading ONYX Insight and bp Wind Energy deepen wind turbine predictive maintenance partnership
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Iberdrola signs a strategic alliance with BP to accelerate the deployment of electric mobility
The companies plan a joint investment of €1 billion in 11,700 fast charging points, expanding the infrastructure necessary for the development of electric mobility in Spain and Portugal. Iberdrola and bp today signed a strategic alliance to accelerate the energy transition in sustainable mobility. The companies, which announced their intention to form a joint venture … Continue reading Iberdrola signs a strategic alliance with BP to accelerate the deployment of electric mobility
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bp, Deep Wind Offshore partner to develop offshore wind opportunities in South Korea
bp and Deep Wind Offshore have formed a joint venture to develop offshore wind opportunities in South Korea. As part of their agreement, bp has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean peninsula with a potential generating capacity of up to 6GW. South … Continue reading bp, Deep Wind Offshore partner to develop offshore wind opportunities in South Korea
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Offshore wind leaders and the Carbon Trust to develop first industry-backed method for calculating life cycle carbon footprints
Eleven offshore wind developers – bp, EnBW, Fred Olsen Seawind, Parkwind, RWE, ScottishPower Renewables, Shell, SSE, Total Energies, Vattenfall and Ørsted – are partnering with the Carbon Trust to make future offshore wind even more sustainable. The developers design, build, and operate offshore wind farms globally, including Europe, North America, and Asia. They will work … Continue reading Offshore wind leaders and the Carbon Trust to develop first industry-backed method for calculating life cycle carbon footprints
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Equinor and BP jointly bid into New York’s third offshore wind solicitation (NY3)
Equinor and bp today jointly bid into New York’s third offshore wind solicitation (NY3), building on their strong commitment to deliver renewable energy for New Yorkers, create sustainable jobs, boost the economy across the state, and support a just transition to renewable energy. Equinor and bp’s bid, submitted to the New York State Energy Research … Continue reading Equinor and BP jointly bid into New York’s third offshore wind solicitation (NY3)
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Solar and wind power will be the primary source for new electricity generation out to 2050
Renewable energy is the world’s fastest growing energy source and essential to getting the world to net zero According to the US Energy Information Agency renewables will be the “primary source for new electricity generation” out to 2050. Rapidly growing our renewables business is core to our strategy: by 2030, we aim to have developed … Continue reading Solar and wind power will be the primary source for new electricity generation out to 2050
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Iberdrola and BP to collaborate to accelerate EV charging infrastructure and green hydrogen production
Iberdrola and bp enter into a strategic collaboration agreement to contribute to the decarbonisation of transport and industrial sectors Plan to jointly invest up to €1bn into deploying up to 11,000 fast charge points across Spain and Portugal, rapidly growing charging infrastructure to support EV growth. Plan to jointly develop, in Spain, Portugal and the … Continue reading Iberdrola and BP to collaborate to accelerate EV charging infrastructure and green hydrogen production
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Equinor and bp sign agreement to transform South Brooklyn Marine Terminal into central hub for offshore wind industry
Equinor, and its partner bp, today announced an agreement to turn the storied South Brooklyn Marine Terminal (SBMT) complex in Brooklyn, New York into a major regional hub for offshore wind. Under the agreement, the terminal will transform into a world-class offshore wind port capable of staging and assembling the largest, most sophisticated offshore wind … Continue reading Equinor and bp sign agreement to transform South Brooklyn Marine Terminal into central hub for offshore wind industry
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Equinor and bp achieve key step in advancing offshore wind energy for New York
Today, at an event with U.S. Secretary of Energy Jennifer Granholm, New York Governor Kathy Hochul and U.S. Representative Paul Tonko, Equinor and bp announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1. The PSAs … Continue reading Equinor and bp achieve key step in advancing offshore wind energy for New York
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Renewables surged in 2020 but world not yet on track for climate goals, BP says
Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a “decisive shift” towards meeting U.N.-backed climate goals, BP said in its annual energy review. Last year witnessed the biggest fall in carbon emissions in more than 75 years, putting the … Continue reading Renewables surged in 2020 but world not yet on track for climate goals, BP says
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bp today agreed to join Statkraft and Aker Offshore Wind to develop offshore wind energy in Norway
The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33.3% share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) licence area. SN2’s favourable location provides power export access to local and adjacent markets. The consortium also intends to explore opportunities to … Continue reading bp today agreed to join Statkraft and Aker Offshore Wind to develop offshore wind energy in Norway
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bp, Iberdrola and Enagás plan to develop the largest green hydrogen project in the region of Valencia
The project would be located in the bp refinery in Castellón, where a 20-megawatt (MW) electrolyser will be built, powered by renewable energy produced, among other sources, by a 40 MW photovoltaic plant In later stages, the electrolysis capacity could be ramped up to 115 MW, becoming the largest green hydrogen project in the refining … Continue reading bp, Iberdrola and Enagás plan to develop the largest green hydrogen project in the region of Valencia
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