BP to Sell U.S. Onshore Wind Business in Strategic Shift

The oil giant aims to simplify its portfolio and focus on solar energy through Lightsource BP.

BP plans to divest its U.S. onshore wind operations, encompassing 10 wind farms with a total capacity of 1.7 gigawatts.
The sale is part of BP's strategy to streamline its operations and enhance competitiveness with industry peers like ExxonMobil and Chevron.
BP will continue its involvement in wind energy through its joint venture, Lightsource BP, which focuses on utility-scale solar and wind projects globally.
CEO Murray Auchincloss has imposed a hiring freeze and paused new wind projects, reflecting investor dissatisfaction with BP's previous green energy shift.
The decision aligns BP with other major oil companies refocusing on core oil and gas businesses amid challenges in making renewable investments profitable.