BP has agreed to sell its US onshore wind business, bp Wind Energy North America, to LS Power, with the assets to be integrated into LS Power’s Clearlight Energy portfolio.
The divested portfolio includes 10 operating wind assets across seven US states, totaling 1.7GW in gross capacity (1.3GW net to bp), and supplying power to over 15 off-takers. The deal includes the transfer of bp’s experienced wind energy workforce to LS Power.
This move aligns with BP’s strategy to streamline its operations and refocus its low carbon energy portfolio, emphasizing shareholder value over expansion in renewables. The company reaffirmed that low carbon energy remains part of its strategy, but it will continue optimizing its portfolio, selectively investing where it sees stronger returns. The wind business, while recognized as valuable, no longer fits within bp’s priorities.
The transaction is part of bp’s broader $20 billion divestment plan aimed at simplifying its business, with $1.5 billion in deals signed or completed in 2025 so far. Completion of the wind sale is expected by year-end, pending regulatory approvals.
In addition to its onshore wind activities, BP also holds interests in offshore wind developments, particularly in the U.S. and UK, including partnerships such as its joint venture with Equinor to develop projects off the U.S. East Coast.
GreentechLead.com News Desk