Bernard Looney, CEO of BP, said: “This is an initial step towards our new strategy and to become a truly unified energy energy company.” Acknowledges. “
The deal with Norway’s Equinor is expected to close early next year and could pave the way for further investment in the U.S.’s fast-growing sh fashore wind market.
Equinore said companies will consider future opportunities in the country.
“Our partnership demonstrates the strong commitment of both companies to accelerate the transition to transition and combining our strengths will enable us to grow a profitable sh fosher wind business together in the U.S.,” CEO Elder Satre said in a statement.
Empire Wind and Beacon Wind Development are located on the shores of New York City and Massachusetts, respectively.
BP said last month that its plan to stay away from oil would include large investments in bioenergy, hydrogen and carbon capture and storage. At the same time, BP will reduce its oil and gas refining portfolio and aims to raise 25 25 billion by selling assets over the next five years.
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