Oil Giant BP Takes $1.1 Billion Stake in Offshore Wind Farms in Equinor Deal

The Guardian

Oil giant BP has taken its first major step into the offshore wind industry with the purchase of a $1.1 billion stake in two U.S. offshore wind projects being developed by Norwegian state oil company Equinor. The oil companies will also team up to develop more wind farms off the U.S. coast after agreeing a strategic partnership to help corner the fast-growing market for offshore wind.

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