BP Exits U.S. Onshore Wind with Major Sale to LS Power Amid Strategic Refocus – EQ
In Short : BP has agreed to sell its U.S. onshore wind business to LS Power as part of its $20 billion divestment strategy. The deal includes ten wind farms totaling 1.3 GW net capacity. LS Power will operate the assets via Clearlight Energy. BP is refocusing on oil, gas, and solar through Lightsource bp, amid investor pressure for stronger returns.
In Detail : BP has reached an agreement to sell its U.S. onshore wind energy business to LS Power, marking a significant step in the company’s $20 billion divestment plan. The sale includes ten operational wind farms located across seven states, with a combined net capacity of approximately 1.3 gigawatts.
These wind assets have been a part of BP’s renewable portfolio for years, contributing clean electricity to various off-takers. The total capacity, including partner shares, amounts to around 1.7 gigawatts. The divestment allows BP to streamline its energy portfolio and redirect focus toward areas of strategic growth.
The assets will be operated by Clearlight Energy, a subsidiary of LS Power. With this acquisition, Clearlight’s total renewables portfolio will grow to about 4.3 gigawatts, strengthening its position in the U.S. clean energy sector. The transaction is expected to close by the end of 2025, pending regulatory approvals.
BP stated that the onshore wind business no longer aligns with its core strategy, which is increasingly centered around solar energy, managed through its joint venture Lightsource bp. The company believes LS Power is better suited to manage and grow these established wind operations.
This sale is part of BP’s broader plan to divest $20 billion in assets by 2027. So far in 2025, the company has completed or signed deals worth $1.5 billion, and it aims to reach $3–4 billion in divestments by year-end, according to senior executives.
BP’s leadership, including EVP William Lin, emphasized that the company is prioritizing capital efficiency and portfolio simplification. The move reflects BP’s evolving energy transition strategy, which includes increased oil and gas production in the short term alongside selective clean energy investments.
Amid growing investor scrutiny, BP has been adjusting its approach. CEO Murray Auchincloss has reaffirmed the company’s commitment to shareholder value, with a renewed focus on fossil fuels. The shift has drawn criticism from climate advocates but is seen by some analysts as a response to market realities.
LS Power welcomed the acquisition, citing the strategic value of the wind assets and their role in meeting growing U.S. electricity demand. The company also confirmed it would retain the existing workforce, ensuring a smooth operational transition and continued performance of the wind portfolio.
