BP moves offshore wind to joint venture as it shifts focus from renewables
BP is creating a joint venture to bring about 'one of the largest global offshore wind developers' while lowering its share of investment in renewables. View on euronews
BP forms offshore wind joint venture in renewables retreat
BP and Japanese power generator JERA have agreed to join forces to form one of the world's largest offshore wind operators, a major step in CEO Murray Auchincloss' efforts to reduce BP's focus on renewables.
BP, Japan’s JERA to Create Offshore Wind JV
BP will merge its offshore wind-energy business with that of Japanese power-utility JERA to create a standalone company, in line with the British company’s strategy to focus on its more profitable oil-and-gas operations.
BP spins out offshore wind business into joint venture with Japan power company
London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, is spinning out its offshore wind business into an equally owned joint venture with Jera Co. Inc., Japan’s largest power company, after a breakdown of BP’s previous offshore wind joint venture.
BP Merges Offshore Wind Business in $5.8 Billion Joint Venture With JERA
BP merges its offshore wind business with JERA to create a leading global wind developer, focusing on existing projects while BP prioritizes oil and gas.
BP, JERA Commit $5.8 Billion To Create Global Offshore Wind Giant
BP shares are trading higher premarket on Monday. The company and JERA Co., Inc. agreed to merge their offshore wind businesses.
BP, JERA to Consolidate Offshore Wind Assets under New JV
BP and JERA agreed to combine their global offshore wind portfolios, committing up to $5.8 billion in capital by 2030.
BP spins off offshore-wind business in joint venture with JERA, in pullback from renewables
BP has agreed to spin off its offshore-wind business into a newly formed joint venture with Japan’s top power producer JERA Co. in what will see a sharp reduction in the British oil company’s investments in renewable energy.
BP, JERA to combine offshore wind operations in joint venture
BP and Japanese power generator JERA have agreed to form a standalone joint venture combining their offshore wind operations, a major step in CEO Murray Auchincloss' efforts to reduce BP's focus on renewables.
BP moves offshore wind business into joint venture with Japan’s Jera
BP will move all of its offshore wind business into a 50/50 joint venture with Jera, Japan’s largest power generation company, as it switches back from investing heavily in renewable energy to refocus on its core oil and gas business.
BP Forms $5.8B Offshore Wind Joint Venture With JERA
BP plc (BP) and Japanese power utility JERA announced plans to merge their offshore wind businesses, forming a 50-50 joint venture called JERA Nex BP. The partnership is set to invest up to $5.8 billion by 2030 to advance the development of offshore wind projects globally.
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