In Short : BP plans to sell a 50% stake in its solar energy unit, inviting bids by June to attract a strategic partner. This aligns with BP’s goal to achieve net-zero emissions by 2050 and expand its renewable energy portfolio. The move aims to leverage expertise and capital, enhancing its solar operations and supporting […]
BP Buys Remaining Lightsource Stake for $320 Million – EQ
bp has agreed to acquire the 50.03% interest it does not already own in Lightsource bp, one of the world’s leading developers and operator of utility-scale solar and battery storage assets. The parties agree that now is the right time for bp to take full ownership, enabling Lightsource bp’s continuing growth and high performance. Lightsource […]
BP boosts renewable energy production and efficiency with technology upgrades at Indiana wind farm – EQ
BP Leads $12.5 Million Investment in Advanced Ionics, a Pioneer in Low-Cost Hydrogen Electrolyzers – EQ Mag
Cutting-edge hydrogen electrolyzer developer Advanced Ionics has successfully concluded a Series A financing round, securing a total of $12.5 million. The round was led by BP Ventures, with participation from prominent investors including Clean Energy Ventures, Mitsubishi Heavy Industries, GVP Climate, and others. The infusion of capital will play a pivotal role in propelling the […]
BP, Total win in $14 billion German offshore wind site tender – EQ Mag
FRANKFURT/LONDON : Oil majors BP and TotalEnergies emerged as the winners in a 7 gigawatt (GW) offshore wind site auction in Germany worth 12.6 billion euros ($13.96 billion), highlighting the appeal of renewable assets across Europe. The move comes as European oil giants seek to grow their low-carbon businesses by entering the renewables sector, a […]
BP agrees to buy Shell’s stake in Australian Browse gas project – EQ Mag
The Browse project, estimated to cost $20.5bln, has been stuck on the drawing board for years but is now being considered as a replacement for ageing gas fields to supply the North West Shelf LNG plant SYDNEY : BP has agreed to buy rival giant Shell’s 27% stake in the Browse joint venture, expanding its […]
BP enters South Korea’s offshore wind sector – EQ Mag
LONDON : BP BP.L has entered South Korea’s offshore wind sector after acquiring a stake in Norwegian group Deep Wind Offshore’s portfolio of projects in the country, as the British energy firm continues its expansion in the fast-growing renewables market. BP bought a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes […]
BP names new onshore renewables head after latest departure – EQ Mag
LONDON : BP’s (BP.L) head of onshore wind and solar David Anderson will step down at the end of the year, the company said on Friday, the latest veteran departure under renewables boss Anja-Isabel Dotzenrath. Anderson, who has been with BP for over 16 years, will be replaced by Noelia Álvarez Marivela, who joined BP […]
Two energy giants, two green projects: one double-booking in North Sea – EQ Mag
LONDON : Oil major BP plans to build a vast carbon capture project beneath the North Sea that would be crucial to Britain hitting its emissions targets. Power giant Orsted aims to build a huge offshore windfarm to help the country meet renewable goals. The problem is, the seabed’s double-booked, and something has to give. […]
bp to explore potential for green hydrogen production in Egypt – EQ Mag
bp signed a memorandum of understanding (MoU) with the Government of Egypt under which it will explore the potential for establishing a new green hydrogen production facility in the country. The MoU was signed by bp, Egypt’s New and Renewable Energy Authority (NREA), the Egyptian Electricity Transmission Company (EETC), the General Authority for Suez Canal […]
