BP Dumps US Onshore Wind Business; As Executive Leaves, Firm Eliminates "Sustinability Strategy" Position

BP has agreed a deal to sell off its onshore wind business in the US as the oil multinational turns its back on renewable energy after a failed attempt to go green. The company said it would sell its share of 10 windfarms, which generate enough clean energy to power more than 500,000 US homes, to the New York-headquartered LS Power.

The terms of BP’s deal with the power and energy infrastructure company were not disclosed. However, the value of the windfarms, nine of which are operated by BP, is understood to be lower than the $2bn (£1.5bn) valuation estimated for BP’s onshore wind business in the past.

The sale is part of BP’s plan to offload $20bn in assets “to simplify and focus the business” after a failed attempt to reinvent the oil multinational as a net zero energy company, and as it comes under pressure over its sluggish share price.

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The deal emerged weeks after one of the architects of BP’s failed green agenda, Giulia Chierchia, stepped down from her role as executive in charge of sustainability strategy to “pursue other opportunities” outside the company as it shifted back towards oil and gas production. She will not be replaced at BP, the company said.

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https://www.theguardian.com/business/2025/jul/18/bp-agrees-to-sell-us-onshore-wind-business-oil