BP is considering a potential sale of a minority stake in its offshore wind business in a move to reduce spending on project developments in the sector, anonymous sources have told Reuters. Currently, BP doesn’t operate offshore wind farms, but it had a pipeline of offshore wind developments worth 9.
6 gigawatts (GW) as of June this year. The UK-based supermajor, which is pivoting back to its core business of oil and gas to give higher returns to shareholders, has reportedly hired Bank of America to find minority partners…BP Considers Selling Small Stake in Its Offshore Wind Business
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