BP mulls US wind farm upgrade to take on natural gas-fired power
The move, which might be BP's biggest investment in renewable energy, will also lower operating costs
New York
BP Plc is weighing plans to update as many as 200 of its US wind turbines with newer, higher-capacity equipment in what might be the company's biggest investment in renewable energy since its last wind farm came online in 2012.
If the company green lights the project - a decision that could be reached by mid-year - it would represent about 400 megawatts of capacity.
Laura Folse, chief executive of BP Wind Energy, said the move woul…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Energy & Commodities
BP reshapes its leadership team as some executives leave company
BHP to decide on future of nickel business by August, trims met coal estimates
Even without war in the Gulf, pricier petrol is here to stay
Gold gains as Middle East tensions lift safe-haven appeal
‘No trade war’, says Biden, pushing to triple tariffs on Chinese steel
Oil falls over US$1 as demand worries outweigh Middle East supply risks