Friday, 31 Oct 2025
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA
logo logo
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
  • 🔥
  • Trump
  • VIDEO
  • House
  • White
  • ScienceAlert
  • Trumps
  • Watch
  • man
  • Health
  • Season
Font ResizerAa
American FocusAmerican Focus
Search
  • World
  • Politics
  • Crime
  • Economy
  • Tech & Science
  • Sports
  • Entertainment
  • More
    • Education
    • Celebrities
    • Culture and Arts
    • Environment
    • Health and Wellness
    • Lifestyle
Follow US
© 2024 americanfocus.online – All Rights Reserved.
American Focus > Blog > Economy > BP to sell US onshore wind business to LS Power for undisclosed sum
Economy

BP to sell US onshore wind business to LS Power for undisclosed sum

Last updated: July 19, 2025 1:15 am
Share
BP to sell US onshore wind business to LS Power for undisclosed sum
SHARE

BP has announced the sale of its U.S. onshore wind business to LS Power, a U.S.-based energy company, as part of its divestment strategy. The deal, which does not disclose a specific value, will see BP Wind Energy now owned and operated under LS Power’s Clearlight Energy.

Amid criticism from investors for its recent underperformance, BP is undergoing a strategic revamp to cut debt, increase cash flow, and pivot back to oil and gas following a failed venture into renewables. The company aims to generate $3 billion to $4 billion in disposals by the end of the year, with plans to divest $20 billion worth of assets by 2027 under CEO Murray Auchincloss’ leadership.

HSBC analyst Kim Fustier noted the unusual absence of consideration in the press release, suggesting that the portfolio’s value may be lower than typical multiples for onshore wind assets. Another disposal may be necessary to meet this year’s disposal target.

In addition to the wind business sale, BP recently struck a $1 billion deal with Apollo Global Management to sell its stake in a firm invested in the TANAP gas pipeline connecting Azerbaijan and Turkey. The agreement includes 10 operational wind assets with a combined gross generating capacity of 1.7 gigawatts, expanding Clearlight Energy’s operating fleet to approximately 4,300 megawatts.

Following the announcement, shares of BP saw a 1.9% increase, reflecting a broader trend of energy companies benefiting from rising oil prices. The company’s decision to streamline its operations and focus on core assets is seen as a strategic move to drive growth and enhance shareholder value.

See also  Delaware bankruptcy court says Yellow owes pensions, stock drops 90%

This latest divestment aligns with BP’s commitment to reshaping its portfolio and optimizing its business for long-term sustainability and profitability. The company’s strategic realignment reflects a shift towards a more streamlined and efficient operation, positioning BP for success in a rapidly evolving energy landscape. With LS Power’s acquisition of BP’s U.S. onshore wind business, both companies are poised to capitalize on the growing demand for renewable energy solutions and drive innovation in the energy sector.

TAGGED:BusinessonshorePowersellSumUndisclosedwind
Share This Article
Twitter Email Copy Link Print
Previous Article Humans Felt The Effects of Weird Space Weather 41,000 Years Ago : ScienceAlert Humans Felt The Effects of Weird Space Weather 41,000 Years Ago : ScienceAlert
Next Article Dreadlocked female bandit broke into parked MTA subway train in Queens and took it on a one-stop joyride: cops Dreadlocked female bandit broke into parked MTA subway train in Queens and took it on a one-stop joyride: cops
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

Melding Craft and Sustainability, Richard Haining Sculpts Sleek Vessels from Reclaimed Wood — Colossal

Renewal is at the heart of Richard Haining's artistic practice. Based in Brooklyn, this artist…

April 11, 2025

Health care firms seek delay on Trump’s Affordable Care Act rule

The healthcare industry is currently facing a significant challenge as hospitals, health insurers, and insurance…

April 18, 2025

Rescue underway as person trapped on Dunedin cliff

A dramatic rescue mission is currently underway in St Clair, as emergency services work to…

April 20, 2025

Kimi Antonelli reacts after ‘annoying and frustrating’ Q2 in Hungary 

Andrea Kimi Antonelli's qualifying session at the 2025 Hungarian Grand Prix didn't quite live up…

August 3, 2025

2025 Paris Fashion Week Looks & Other Shows Last Week

The fashion season of 2025 was nothing short of a dream come true, with celebrities…

March 17, 2025

You Might Also Like

Shake Shack returns to profit in Q3 2025
Economy

Shake Shack returns to profit in Q3 2025

October 31, 2025
Fresnillo signs agreement to acquire Probe Gold for 8m
Economy

Fresnillo signs agreement to acquire Probe Gold for $558m

October 31, 2025
Market analysts react to Trump-Xi meet
Economy

Market analysts react to Trump-Xi meet

October 31, 2025
29 truck carrier files Chapter 11
Economy

29 truck carrier files Chapter 11

October 31, 2025
logo logo
Facebook Twitter Youtube

About US


Explore global affairs, political insights, and linguistic origins. Stay informed with our comprehensive coverage of world news, politics, and Lifestyle.

Top Categories
  • Crime
  • Environment
  • Sports
  • Tech and Science
Usefull Links
  • Contact
  • Privacy Policy
  • Terms & Conditions
  • DMCA

© 2024 americanfocus.online –  All Rights Reserved.

Welcome Back!

Sign in to your account

Lost your password?