Renewable energy is the world’s fastest growing energy source and essential to getting the world to net zero According to the US Energy Information Agency renewables will be the “primary source for new electricity generation” out to 2050. Rapidly growing our renewables business is core to our strategy: by 2030, we aim to have developed … Continue reading Solar and wind power will be the primary source for new electricity generation out to 2050
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Iberdrola and BP to collaborate to accelerate EV charging infrastructure and green hydrogen production
Iberdrola and bp enter into a strategic collaboration agreement to contribute to the decarbonisation of transport and industrial sectors Plan to jointly invest up to €1bn into deploying up to 11,000 fast charge points across Spain and Portugal, rapidly growing charging infrastructure to support EV growth. Plan to jointly develop, in Spain, Portugal and the … Continue reading Iberdrola and BP to collaborate to accelerate EV charging infrastructure and green hydrogen production
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Equinor and bp sign agreement to transform South Brooklyn Marine Terminal into central hub for offshore wind industry
Equinor, and its partner bp, today announced an agreement to turn the storied South Brooklyn Marine Terminal (SBMT) complex in Brooklyn, New York into a major regional hub for offshore wind. Under the agreement, the terminal will transform into a world-class offshore wind port capable of staging and assembling the largest, most sophisticated offshore wind … Continue reading Equinor and bp sign agreement to transform South Brooklyn Marine Terminal into central hub for offshore wind industry
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Equinor and bp achieve key step in advancing offshore wind energy for New York
Today, at an event with U.S. Secretary of Energy Jennifer Granholm, New York Governor Kathy Hochul and U.S. Representative Paul Tonko, Equinor and bp announced the finalization of the Purchase and Sale Agreements (PSAs) with the New York State Energy Research and Development Authority (NYSERDA), for Empire Wind 2 and Beacon Wind 1. The PSAs … Continue reading Equinor and bp achieve key step in advancing offshore wind energy for New York
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Renewables surged in 2020 but world not yet on track for climate goals, BP says
Wind and solar power capacity expanded rapidly in 2020 while global energy demand cratered because of the pandemic, yet this did not yet reflect a “decisive shift” towards meeting U.N.-backed climate goals, BP said in its annual energy review. Last year witnessed the biggest fall in carbon emissions in more than 75 years, putting the … Continue reading Renewables surged in 2020 but world not yet on track for climate goals, BP says
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bp today agreed to join Statkraft and Aker Offshore Wind to develop offshore wind energy in Norway
The partnership – in which bp, Statkraft and Aker Offshore Wind will each hold a 33.3% share – will pursue a bid to develop offshore wind power in the Sørlige Nordsjø II (SN2) licence area. SN2’s favourable location provides power export access to local and adjacent markets. The consortium also intends to explore opportunities to … Continue reading bp today agreed to join Statkraft and Aker Offshore Wind to develop offshore wind energy in Norway
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bp, Iberdrola and Enagás plan to develop the largest green hydrogen project in the region of Valencia
The project would be located in the bp refinery in Castellón, where a 20-megawatt (MW) electrolyser will be built, powered by renewable energy produced, among other sources, by a 40 MW photovoltaic plant In later stages, the electrolysis capacity could be ramped up to 115 MW, becoming the largest green hydrogen project in the refining … Continue reading bp, Iberdrola and Enagás plan to develop the largest green hydrogen project in the region of Valencia
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BP closes PPA of wind energy with Casa dos Ventos in Brazil
British oil company BP signed a 15-year contract to purchase wind power from Brazilian renewable project developer Casa dos Ventos. The agreement, which provides for the supply of wind energy with wind turbines from 2023, was signed with BP’s local energy marketing unit and provides for the delivery of production from the Rei do Vento … Continue reading BP closes PPA of wind energy with Casa dos Ventos in Brazil
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BP could build huge wind farm off coast of North Wales
SIX proposed new offshore wind projects are earmarked for waters around England and Wales. One of the proposed could be off the Northern Welsh Coast, North East of Anglesey. The bidder is a consortium of EnBW and BP. Areas pinpointed are between Holyhead and Rhyl. Another two projects also focus on North Wales, the Irish Sea … Continue reading BP could build huge wind farm off coast of North Wales
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Equinor and BP to deliver 2.5GW offshore wind power to New York state
Equinor and partner BP have been selected to provide close to 2.5GW of offshore wind power to the state of New York, US, in the latest renewables solicitation. Equinor and BP will develop 1,260MW Empire Wind 2 project and another 1,230MW Beacon Wind 1 project in the US East Coast. Claimed to be one of … Continue reading Equinor and BP to deliver 2.5GW offshore wind power to New York state
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Ørsted and bp to develop renewable hydrogen project in Germany
Ørsted and bp have agreed to jointly develop a potential large-scale renewable hydrogen project at bp’s Lingen Refinery in North West Germany (Emsland). The project, which is expected to be operational in 2024, will comprise a 50 Megawatt (MW) electrolyser system capable of generating one ton of renewable hydrogen per hour or almost 9,000 tonnes … Continue reading Ørsted and bp to develop renewable hydrogen project in Germany
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Equinor partners with BP in US offshore wind power to capture value and create platform for growth
Equinor (OSE: EQNR, NYSE: EQNR) has entered into an agreement with BP (LSE: BP, NYSE: BP) to sell 50% non-operated interests in the Empire Wind and Beacon Wind assets on the US east coast for a total consideration before adjustments of USD 1.1 billion. Through this transaction, the two companies are also establishing a strategic partnership for further growth within offshore wind in the US. Currently Equinor holds … Continue reading Equinor partners with BP in US offshore wind power to capture value and create platform for growth
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BP enters the offshore wind energy market
British oil giant BP announced that it has started exploring the offshore wind energy sector, thanks to a partnership with the Norwegian group Equinor in the United States. BP is providing $ 1.1 billion to Equinor to jointly develop projects with existing wind turbines off the New York and Massachusetts coasts. First investment in renewable … Continue reading BP enters the offshore wind energy market
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BP sells three wind farm operations in Texas
BP sold three wind energy operations in Texas and says it will use the money to upgrade technology in its remaining U.S. wind operations. The price was not disclosed. The three wind facilities include Silver Star with 60 megawatts of generating capacity and about 100 miles southwest of Fort Worth, Sherbino Mesa 2 with 145 … Continue reading BP sells three wind farm operations in Texas
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BP installs Tesla-made battery to store wind power in South Dakota
BP hopes new technology will spur more wind energy development. BP installed a battery storage system for the first time at one of the company’s wind energy farms in South Dakota, a move BP hopes will provide a blueprint for adding similar power storage technology at its other U.S. wind power sites. BP said the … Continue reading BP installs Tesla-made battery to store wind power in South Dakota
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BP, Tesla to team up in battery storage for wind farm
BP says TSLA will supply the 212 KW battery at its Titan 1 wind farm in South Dakota in H2 of this year, to be used to store electricity and meet demands when the wind is not blowing. The 212 kW/840 kWh battery, supplied by Tesla, will be integrated with the wind farm and configured … Continue reading BP, Tesla to team up in battery storage for wind farm
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BP Statistical Review shows long-term shifts underway
The 2017 edition of the BP Statistical Review of World Energy shows global energy markets continuing to undergo long-term changes as they also adapt to nearer-term price challenges. Data published in the Review – the 66th annual edition – clearly demonstrate the long-term transitions now underway in the markets, with a shift to slower growth … Continue reading BP Statistical Review shows long-term shifts underway
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BP considers upgrade of U.S. 200 wind turbines
BP is mulling plans to upgrade as many as 200 of its wind turbines in the United States, Bloomberg reported. The energy giant is looking to update the aging equipment with newer, higher-capacity equipment in a bid to improve efficiency and reliability while increasing overall energy output. Laura Folse, chief executive of BP Wind Energy, … Continue reading BP considers upgrade of U.S. 200 wind turbines
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An energy transition is underway
Carbon emissions grow at less than a third of the rate of the past 20 years, reflecting both gains in energy efficiency and the changing fuel mix, but in the base case are still projected to increase, highlighting the need for further action “The global energy landscape is changing. Traditional centers of demand are being … Continue reading An energy transition is underway
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Primary energy consumption grew 1% in 2015
Global primary energy consumption in 2015 increased by only 1%, according to new figures released in BP’s Statistical Review of World Energy. One of the world’s seven supermajor oil and gas companies, BP, has released the 65th edition its Statistical Review of World Energy, in which it sets out and analyzes energy data for 2015, confirming many … Continue reading Primary energy consumption grew 1% in 2015
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