BP shifts offshore wind to joint venture amid retreat from renewables
Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assetsBusiness live – latest updatesBP has agreed a deal worth up to £4.5bn to build offshore windfarms with Japan’s biggest power producer, in shift that will allow it to gain some access to zero-carbon wind energy while focusing on fossil fuels.The FTSE 100 company will create a 50-50 joint venture with the Japanese power generator Jera to combine their offshore wind assets, the companies announced on Monday. Continue reading...
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Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets
BP has agreed a deal worth up to £4.5bn to build offshore windfarms with Japan’s biggest power producer, in shift that will allow it to gain some access to zero-carbon wind energy while focusing on fossil fuels.
The FTSE 100 company will create a 50-50 joint venture with the Japanese power generator Jera to combine their offshore wind assets, the companies announced on Monday. Continue reading...
