BP spins off offshore-wind business in joint venture with JERA, in pullback from renewables
BP has agreed to spin off its offshore-wind business into a newly formed joint venture with Japan’s top power producer JERA Co. in what will see a sharp reduction in the British oil company’s investments in renewable energy.
Despite growing pressure to transition to renewable energy, major oil and gas companies like Shell, Equinor, and BP are ...
Major investors in ReNew Energy Global propose a buyout, valuing the clean power firm at $2.82 billion. The move offers ...
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