Two weeks ago BP sealed a major offshore wind partnership in the US, and today the company has success on this side of the pond.
The partnership has been awarded preferred bidder status for two highly advantaged 60-year leases with 3GW of generating capacity.
BP is confident that these leases will deliver – at a minimum – the 8-10% returns she demands of this renewables investments.
The government’s 10-point plan aims to produce enough offshore wind to power every UK home, quadrupling output to 40GW by 2030. With this deal, BP is delighted to play her part – and support the UK’s ambitious decarbonisation aims.