- Published: 10 September 2020 10 September 2020
bp has announced a new strategic partnership with Equinor to develop offshore wind assets in the US market and to jointly pursue further offshore wind opportunities in the country. The announcement marks bp’s first venture into offshore wind.
The move comes a month after bp announced a new strategy, which includes the aim to increase annual low carbon investment 10-fold to around US$ 5 billion a year by 2030. And grow developed renewable generating capacity from 2.5GW in 2019 to around 50GW by 2030.