The top six European firms have over 28GW of renewables capacity in the pipeline, with BP, Total and Equinor making up over 70% of this.
Ørsted and bp have agreed to jointly develop a potential large-scale renewable hydrogen project at bp’s Lingen Refinery in North West Germany.
The announcement marks bp’s first venture into offshore wind and comes a month after they announced a low-carbon investment strategy.
Gas & Oil Fired
SPIC has signed a deal with EIG Global Energy Partners, bp and Siemens to acquire a 33% stake in the largest gas-to-power project in Latin America.
bp's new strategy will reshape its business from being an oil company to an integrated energy company focused on delivering solutions for customers.
The partnership is targeting the development of an innovative, integrated energy solution business delivering renewable power and Energy-as-a-Service digital tools.