BP is selling its U.S. onshore wind business to LS Power as part of a $20 billion divesture plan.
A BP logo at a gas station in London. AP Photo/Kin Cheung, File
|Updated:
BP is selling its U.S.-based onshore wind business as the energy giant shifts its focus back to its core business of oil and gas.
On July 18, BP Plc announced an agreement to sell its BP Wind Energy North America Inc. to LS Power, a U.S.-based power and energy infrastructure company. The deal marks a key move in BP’s ongoing strategy to streamline its portfolio and shift capital back toward oil and gas operations.
Austin Alonzo covers U.S. political and national news for The Epoch Times. He has covered local, business and agricultural news in Kansas City, Missouri, since 2012. He is a graduate of the University of Missouri. You can reach Austin via email at [email protected]
