BP Puts US Wind Farms On The Market

Law360, New York (April 3, 2013, 3:44 PM EDT) -- BP PLC on Wednesday put up for sale its U.S. wind business, one of the nation’s largest, matching a growing industry trend of dropping renewables assets in favor of a redoubled focus on more lucrative oil and gas investments.

The company’s holdings include stakes in 16 operational wind farms spread across nine states that have a combined generation capacity of 2,600 megawatts. Also in the portfolio are several projects in various stages of development, including about 2,000 megawatts’ worth that are nearly ready for construction, according...
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