We are seeking a partner to further maximize Lightsource bp – already one of the world''s leading solar and battery storage platforms with a strong track record for delivering double-digit returns.
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Clearlight Energy currently oversees approximately 4.3GW of wind, solar, and battery storage assets, reinforcing its role as an independent renewable operator in North America.
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In a significant move, British energy giant BP plans to divest its U.S. onshore wind energy business, BP Wind Energy. The decision marks a pivotal shift in the company''s renewable
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Although BP''s onshore wind assets remain valuable, the company has decided to focus its resources on solar energy, which it sees as more aligned with its future growth plans.
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BP''s divestment of U.S. onshore wind assets and pivot to Lightsource BP reflect a calculated strategy to balance profitability with renewable growth. While the move prioritizes short
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Since inception, LS Power has developed or acquired 50,000 MW of power generation, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities.
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Together, solar and battery storage account for 81% of the expected total capacity additions, with solar making up over 50% of the increase. Solar. In 2024, generators added a record
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BP plc (NYSE: BP) announced Friday that it will sell its entire U.S. onshore wind energy portfolio to LS Power, a New York-based energy infrastructure firm.
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The wind farms, spread across seven states, are all operational and have a combined capacity of 1.7GW, of which BP owns 1.3GW. Analysts at RBC Capital Markets said they could be
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BP will sell its U.S. onshore wind business to New York-based LS Power, as the Big Oil giant continues to divest from much of its renewable energy assets amid financial challenges.
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The wind farms, spread across seven states, are all operational
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