BP has announced an agreement to sell its onshore wind business, BP Wind Energy, to energy infrastructure developer and operator LS Power. This move aligns with BP’s strategy to concentrate on expanding its oil and gas operations. BP Wind Energy’s portfolio comprises ten grid-connected wind assets across the United States, including locations in Indiana, Kansas, South Dakota, Colorado, Pennsylvania, Hawaii, and Idaho, with a net capacity of 1.3 gigawatts.
This agreement follows BP’s new strategy launched in February 2025, which involves reallocating capital to increase investment in oil and gas while reducing low-carbon energy to less than 5% of the company’s capital expenditure. The strategy also includes plans for approximately $20 billion in divestments by the end of 2027.
William Lin, BP Executive Vice President for Gas & Low Carbon Energy, stated, “We have been clear that while low carbon energy has a role to play in a simpler, more focused BP, we will continue to rationalise and optimise our portfolio to generate value. The onshore US wind business has great assets and fantastic people, but we have concluded we are no longer the best owners to take it forward.”
LS Power intends to integrate the BP business into its renewables-focused portfolio company, Clearlight Energy, which operates in the U.S. and Canada. This acquisition will expand Clearlight’s operating fleet to approximately 4.3 gigawatts. LS Power launched Clearlight earlier this year, following its acquisition of Algonquin Power & Utilities’ renewable energy business.
Paul Segal, Chief Executive Officer of LS Power, commented, “LS Power’s mission is to solve complex energy problems to improve the world and make lives better by developing a cleaner, more reliable, and affordable energy ecosystem, and today’s announcement represents a material investment in reaching that goal.”
