23rd Mar 2022 08:57
BP PLC - London-headquartered oil major - Expands offshore wind portfolio by forming strategic partnership with Japanese conglomerate Marubeni Corp for offshore wind and other potential decarbonisation projects including hydrogen in Japan. BP will acquire a 49% stake in Marubeni's proposed offshore wind project in the country for an unspecified amount. In Tokyo, BP will set up a local offshore wind development team. BP says it now has a net offshore wind development pipeline of over 5 gigawatts in the US and UK. Marubeni is involved in the development and operation of over 2 gigawatts of onshore and offshore wind globally. Read More