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British multinational oil and gas company BP has gone on a spending spree of United States solar farms, buying over $280 million AUD of assets. BP has

BP invests $220 million to acquire 9 GW of U.S. solar power projects from 7X Energy to diversify its energy portfolio for a sustainable cleaner energy economy.

New hires, promotions and appointments continue to fuel the industry's workforce. 

BIC Magazine June 3, 2021 BP boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy. The acquisition represents a significant step towards bp’s target of growing its net developed renewable generating capacity to 20GW by 2025 and aim to increase this to 50GW by 2030. The deal will also grow bp’s renewables pipeline from 14GW to 23GW. These assets will be developed through bp’s 50-50 solar joint venture Lightsource bp, ...

Energy major BP Plc on June 1 boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy.

US: bp boosts its renewables business in the US with 9GW solar acquisition from 7X Energy 01 Jun 2021 Accelerates progress towards target of developing 20GW of low carbon energy by 2025 Demonstrates bp’s continued commitment to investing in clean energy in the US Projects expected to meet bp’s disciplined 8-10% returns threshold bp has reached an agreement to purchase 9GW of solar development projects in the US from independent US solar developer 7X Energy. The acquisition represents a si...

BP snaps up pipeline of 9GW of solar projects in US in transaction hailed as biggest green energy deal to date.

BP Buys into U.S. Solar Market As Part of Decarbonization Drive A solar installation in Oregon. BP is investing in solar projects that will span 12 states. Oregon Department of Transportation The oil and gas giant BP has agreed to buy a group of U.S. solar energy farms that, once completed, will be capable of generating enough electricity to power 1.7 million homes. The $220 million purchase is the latest in a string of renewable energy investments in the UK, Portugal, Greece, and the...

Bp will acquire 9 GW of solar development projects in the US from independent US solar developer 7X Energy.

PV to drive renewables spending growth in 2021 but total investment far from net zero path – IEA News Email Investments in PV are anticipated to grow by more than 10% this year in China, India, the US and Europe. Image: Sunfolding. Renewables are set to account for 70% of global investment in new power generation capacity this year with solar PV leading the growth, but spending on clean energy must accelerate much more rapidly if the world is to meet its climate goals. That...