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BP (NYSE: BP) has reached an agreement to purchase nine gigawatts of solar development projects in the U.S. from 7X Energy. BP (NYSE: BP) revealed that it has reached an agreement to purchase nine gigawatts (GW) of solar development projects in the U.S. from 7X Energy. BP, which expects the deal to complete in 30 days, said it will pay 7X Energy $220 million for the projects and 1GW of “safe harbor” equipment. The projects are spread across 12 U.S. states, with the largest portfolios in Texas and the Midwest. Assets with a combined generating capacity of 2.2GW are expected to reach final...

BP boosts renewables pipeline with 9GW US solar deal The $220mn acquisition gives BP solar projects across 12 US states, with largest portfolios in Texas and the Midwest BP has agreed to buy a 9GW portfolio of solar power projects in the US from independent developer 7X Energy for $220mn. The deal, which is expected to close within 30 days, will increase BP’s total pipeline of renewable power capacity to 23GW and marks a “significant step” towards the company’s target of net developed renewables capacity of 20GW by 2025 and 50GW by 2030. 23GW – BP’s pipeline of renewables proj...

BP (BP.L) on Tuesday boosted its investment in U.S. renewables with a $220 million purchase of solar projects from developer 7X Energy.

BP in biggest green power swoop yet, buying huge US solar pipeline Supermajor snaps up 9GW PV portfolio across 12 states as it piles on capacity to meet ambitious goal 1 June 2021 10:48 GMT Updated  1 June 2021 10:48 GMT in  London BP made its biggest move yet to add renewable energy capacity, swooping for a 9-gigawatt portfolio of US solar projects. It will pay independent group 7X Energy $220 million for the under-development projects, in a move that instantly propels its renewables pipeline to 23GW. Future of Floating LNG Digital Event Five years in, has FLNG lived up to it...

As BP Transitions to Green, Here's Why I'm Long the Stock And we have to have a panic point if we are going to be long a name such as this. Stocks quotes in this article: BP, XOM, E As far as "Big Oil" goes, BP plc  (BP) , the old British Petroleum, has been well ahead of the others in at least talking up a good game, better than its peers, as far as "going green" is concerned. BP had set goals of being a "very different" company by the year 2030, and exist with a "net zero" carbon footprint by 2050. Sure plenty of corporati...