bp desi bp|BP forms offshore wind JV with Japans JERA in renewables retreat,madison beer religion

The equally owned joint venture, called JERA Nex BP, will see BP and Japanese firm JERA provide up to $5.8bn in capital funding for investments before the end of 2030. It will become。

The tie-up with Jera will mean BP’s spending on offshore wind will drop sharply from previously anticipated investment of $10bn (£7.8bn) between 2023 and 2030.

bp has amassed an offshore wind portfolio since 2019. Its development pipeline includes the Morgan and Mona offshore wind projects in the UK Irish Sea, and Oceanbeat East and。

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