BP doubles renewables pipeline
Offshore wind investments in US and bids in Scotland will help to decarbonise firm’s portfolio
BP has doubled its pipeline of renewables development to 21GW since the second quarter of last year, the firm said in its second quarter results. The company has bought a 9GW solar development pipeline in the US and is progressing solar projects in Portugal, Spain, Greece and Australia through its renewable arm Lightsource BP. The firm will also bid for offshore wind leases in Scotland with Germany’s EnBW and in Norway with local players Statkraft and Aker. The Scotland lease could support up to 9GW of generating capacity. 21 GW – BP’s renewables development pipeline “If the bid is successful, we expect Aberdeen to become our global centre of excellence for offshore wind,” says BP CE
![](/images/white-fade.png)
Also in this section
21 July 2024
Awards experience 20% increase in nominations this year, with submissions from 27 countries
18 July 2024
Platform developed at Scottish university uses advanced simulations and machine learning to find most cost-effective and sustainable combinations of materials for use in carbon capture
18 July 2024
Stockholm Exergi agrees to one of world’s largest deployments of CO₂ liquefication technology to enable transport of emissions captured from biomass power plant
11 July 2024
Watkins will leverage her financial acumen and strategic insight to lead Gulf’s commercial initiatives across media, events, and market intelligence