in News Departments > New & Noteworthy
print the content item

Conglomerate BP says it will divest its U.S. wind portfolio - more than 2.6 GW of installed capacity - in order to focus on its core oil and gas business.

In a statement sent to NAW, the company writes, "BP has decided to market for sale our U.S. wind energy business as part of a continuing effort to become a more focused oil and gas company and re-position the company for sustainable growth into the future."

BP is a leading developer and operator of wind projects in the U.S. and is a full or part owner of 16 wind farms in nine states. Some projects include the 141 MW Mehoopany wind farm, located in Wyoming County, Pa.; the 419 MW Flat Ridge II wind farm, located in south central Kansas; and the 225 MW Trinity Hills wind farm, located in Texas.

According to a company spokesperson, the company's portfolio also includes projects in various stages of development, including an additional 2 GW of projects "that are nearly shovel ready."

BP - the second largest producer of oil and gas in the U.S. - says its decision to sell its wind business does not equate to an exit from alternative energy.

According to the spokesperson, BP supports commercial and academic research furthering alternative energy through its Global Technology Center in San Diego and its sponsorship of the Energy Biosciences Institute - a joint initiative between BP, the University of California-Berkeley and the University of Illinois.

Additionally, the spokesperson says that BP continues to invest in "new, cutting-edge companies developing efficient energy technologies with applications in both renewable and conventional energy production."


Trachte Inc._id1770
Latest Top Stories

Report Disputes U.S. Agency's Renewable Energy Projections

A new analysis from the Sun Day Campaign says renewables are slated to provide 16% of U.S. generating capacity by 2018 - over 20 years earlier than forecast by the Energy Information Administration.


Kansas Renewables Mandate Survives Yet Another Attack, But Is It Too Early To Celebrate?

Over the past three years, some legislators have tried to either weaken or repeal the state's renewable portfolio standard, which requires Kansas utilities to reach 20% renewables by 2020.


AWEA Highlights U.S. Wind Success Stories Of 2013

Despite a 92% drop in new capacity last year, the sector still has myriad reasons to celebrate, according to a new report from the American Wind Energy Association.


Feds List New Bird Species As Threatened - Should Wind Developers Be Worried?

The U.S. Fish and Wildlife Service is designating the lesser prairie-chicken as threatened under the Endangered Species Act. An expert explains how this might affect the wind industry.


Senate Committee Passes Bill With Two-Year PTC Extension

The Senate Finance Committee has voted on a tax extenders package, which includes both the production tax credit (PTC) and investment tax credit, and sent it to the floor.

JLG_id1900
UEA_id1896
WomenofWind_id
Acciona_id1907
bonfiglioli_id1913
AWEA_id1886