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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 significant step towards bp’s target of growing its net developed renewable generating capacity to 2...

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 U.S. that BP has made as it vows to transform itself from an oil and gas company to a clean-energy ...

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 is according to a new report from the International Energy Agency (IEA), which found that while ren...