BP to sell Houston-based onshore wind business
What BP's plan to sell its Houston-based wind energy division means for the region
BP, the British oil major, announced plans to sell its Houston-based U.S. onshore wind energy division, refocusing its local operations on its core oil and gas business and concentrating its renewable ambitions in Europe.
BP to sell Houston-based onshore wind business as oil production grows
Currently, BP Wind Energy operates 10 different sites across the U.S., all of which are operated remotely from a command center located in Houston, according to the company.
BP to Launch Sale of US Onshore Wind Power Business
BP Plc plans to sell its onshore wind business in the US as it focuses on its solar arm Lightsource BP. The company is set launch a sale process for BP Wind Energy shortly, according to an emailed statement.
BP to sell US onshore wind business, focus on Lightsource BP for renewables
London-based BP PLC (NYSE: BP) plans to sell its U.S. onshore wind business to focus more on solar energy, progressing BP’s gradual retreat from both onshore and offshore wind in the region. The sale process should be soon, BP said. Several media outlets estimate the business, called BP Wind Energy, could be worth least $2 billion.
What Does the Sale of BP’s Wind Energy Division Mean for Texas?
The oil major’s U.S. onshore wind energy business, based in Houston, is valued at about $2 billion and has interests in 10 wind farms across seven states.
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BP To Divest Wind Unit In Effort To Enhance Competitiveness
British oil giant BP said Monday it plans to divest its suite of US onshore wind operations as part of its ongoing strategic realignment.
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