in News Departments > New & Noteworthy
print the content item

Despite receiving "a number of bids," BP has announced it no longer plans to divest its U.S. wind energy business.

In April, the conglomerate revealed intentions to sell its wind portfolio in order to focus on its core oil and gas business. BP is a full or part owner of 16 wind farms in nine states with a cumulative capacity of approximately 2.6 GW. In addition, the company told NAW in April that its portfolio also includes 2 GW more worth of projects that are "nearly shovel ready.”

According to a company spokesperson, BP is terminating the marketing of its wind energy assets because “the company has determined that now is not the right time to sell the business.” The spokesperson adds, “Our focus will remain on safely maximizing the financial and operational performance of the existing assets.”




Trachte Inc._id1770
Latest Top Stories

Alberta Breaks Wind Power Record, Then Does It Again

Last week, the Alberta Electric System Operator recorded new wind production peaks in the Canadian province - highlighting how well the grid integrated the renewable energy.


Federal Appeals Court Finds Obama's Wind Farm Decision Unconstitutional

A federal appeals court ruled that the U.S. government violated the constitutional rights of Chinese-owned Ralls Corp. when ordering the divestment of four Oregon wind farms.


Renewables Make Up Over 50% Of New U.S. Power In First Half Of 2014

According to a recent government report, renewable energy sources, such as wind and solar, continue to dominate new electric generating capacity.


Suzlon Facility Lends Key Assist In Developing 'The Wind Technicians Of Tomorrow'

The turbine manufacturer’s Elgin, Ill.-based training facility is the culmination of a program that puts a new twist on a proven method of instruction.


Having Their Say: CanWEA Clarifies True Source Of Canadian Wind Success

The Canadian Wind Energy Association (CanWEA) takes issue with a recent report summary regarding various renewable energy policies in North America.

Canwea_id1984
Renewable NRG_id1934
Navigant_id1983