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BP Sells U.S. Wind Assets to LS Power for $4B

7/21/2025

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Summary

Story summary

BP is set to sell its U.S. onshore wind business to LS Power, encompassing ten wind farms across seven states with a combined capacity of 1.3 GW. This strategic move aims to generate $3-4 billion in asset sales, allowing BP to concentrate on its core operations. The deal is expected to close by year-end, subject to regulatory approvals.

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Story summary

BP is set to sell its U.S. onshore wind business to LS Power, encompassing ten wind farms across seven states with a combined capacity of 1.3 GW. This strategic move aims to generate $3-4 billion in asset sales, allowing BP to concentrate on its core operations. The deal is expected to close by year-end, subject to regulatory approvals.