in News Departments > New & Noteworthy
print the content item

Although the company halted plans to sell its wind energy business in July, BP is still actively seeking to divest its entire U.S. development portfolio by year-end. In fact, the company recently submitted a notice to the New York Public Service Commission about its plans, including the potential sale of its 285 MW Cape Vincent wind project.

The notice did not provide much detail, but a BP spokesperson tells NAW that the company’s portfolio includes 18 projects, representing approximately 3 GW in varying stages of development throughout the U.S.

“BP is seeking to sell these assets in one or more transactions,” the spokesperson says. “It is expected that the transactions will close by year-end. The terms of sale are confidential.”

In April, BP announced plans to sell its entire U.S. wind energy business, but despite receiving a number of bids, the company later said it was “not the right time to sell the business.” Although BP is currently looking to divest its development portfolio, the spokesperson says the company will retain its operating wind farms for now.







Trachte Inc._id1770
Latest Top Stories

Setting The Record Straight: How Many Birds Do Wind Turbines Really Kill?

Several peer-reviewed studies are more or less in agreement with avian mortality rates caused by wind turbines. However, one study, which is wildly off from the others, is most often cited in the media. Why?


Six Takeaways From The IRS' Start Of Construction Guidance: What You Need To Know

The IRS recently issued guidance to wind developers to further spell out what "start of construction" means. Will you be covered?


Eagle Take Permits For Wind Farms - Will They Fly?

Now that the U.S. Fish and Wildlife Service has issued the first permit allowing the legal take of eagles, can wind developers expect more certainty in the agency's application process?


Despite 2013 Challenges, U.S. Wind Power Reaches All-Time Low Price

In a new report, the U.S. Department of Energy details the highs and lows of the country's wind industry last year, and the agency maintains that the U.S. sector remains strong.


Mexico On Pace To Set New Renewables Investment Record

A new report says the country has spent $1.3 billion on clean energy in the first half of 2014 and could end up seeing a record year. Furthermore, wind power is slated for significant growth in the region.

Renewable NRG_id1934
Canwea_id1984
UnitedEquip_id1995
Tower Conference_id1965