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BP weighs sale of minority stake in offshore wind business
bp weighs minority stake sale in offshore wind division
The move comes after the company faced shareholder pressure over its 2020 energy transition strategy, as profits from renewables have declined.
Exclusive-BP weighs sale of minority stake in offshore wind business, sources say
BP is considering selling a minority stake in its offshore wind business, according to four sources with knowledge of the matter, the latest effort by CEO Murray Auchincloss to scale back the energy company's focus on renewables.
BP Plans to Divest Offshore Wind Stakes, Cut Back on Renewables
BP plc BP, the British oil and gas giant, continues to scale down the expansion of its renewables business, bringing its focus back to fossil fuels. According to sources familiar with the matter, the company wants to sell off a minority stake in its offshore wind business.
BP weighs sale of minority stake in offshore wind business - Reuters
BP (NYSE:BP) is considering selling a minority stake in its offshore wind business, in the latest attempt by CEO Murray Auchincloss to trim its focus on renewable energy, Reuters reported Thursday. BP (BP) is working with Bank of America to find partners for the business,
E&E
10h
Leader of House offshore wind caucus denounces the industry
Republican Anthony D'Esposito, who represents a Long Island, New York, district, said during a debate that he didn't support ...
11h
on MSN
Biden administration races to shell out billions for clean energy as election nears
The Biden administration is shelling out billions of dollars for clean energy and approving major offshore wind projects as ...
2h
Switchbacks in Space: Scientists Uncover How Solar Wind Gets Energy
Researchers using NASA and ESA spacecraft have uncovered how magnetic switchbacks near the Sun energize the solar wind, ...
16h
France to tender for 9.2 GW offshore wind projects in coming months
France will launch tenders in coming months for two fixed and three floating wind farms totalling 9.2 gigawatts (GW), the ...
2d
on MSN
The world will be fueled by electricity but even more clean energy is needed, report says
An increasing shift toward electric vehicles globally, especially in China, is poised to disrupt the global oil market, ...
WBUR
1d
Crews begin recovering sunken offshore wind blade off Nantucket
Crews started this week to retrieve and remove pieces of the shattered Vineyard Wind turbine blade that sunk to the ocean ...
Science Daily
3d
Wind Energy News
Sep. 16, 2024 — Renewable
energy
sources like
wind
and solar are critical to sustaining our planet, but they come with a big challenge: they don't always generate power when it's needed.
4h
Zorra Township says more info needed before approving future wind turbine, energy projects
Zorra Township council voted unanimously this week not to give municipal support resolutions (MSR) to wind turbine projects ...
7h
on MSN
FLASHBACK: Harris declined to intervene on behalf of native tribe push to protect sacred site from wind farm
CA AG Kamala Harris' office said it did not have legal standing to take up the case of a Native American group fighting to ...
16h
on MSN
JSW Energy Subsidiaries Sign Major Solar-Wind Hybrid Power Agreements with Maharashtra
Solar-wind hybrids can generate power more consistently by harnessing both energy sources to complement each other, ...
10h
TVA wins $250M federal grant with 10 local utilities for grid strength and clean energy
The grant, which will boost solar and wind energy projects, was celebrated by union leaders as a victory for the middle class ...
The Cool Down on MSN
2d
Energy companies achieve offshore wind turbine maintenance without towing it to land: 'This solution for repairs has the potential to have positive sector-wide impact'
"We have achieved a world-first solution that redefines the future for the renewables industry." Energy companies achieve ...
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