BP calls off 2.6GW wind sale
Energy outfit decides ‘not the right time’ for auction of US assets
UK-based energy company BP has cancelled a sale of US wind farms, said BP Wind Energy spokesperson Amanda Abbott.
“BP is terminating the marketing of its wind energy business, opting not to sell its 16 wind farms at this time,” said Abbott.
The company received “a number of bids” for the assets, located in California, Colorado, Hawaii, Idaho, Indiana, Kansas, Pennsylvania, South Dakota and Texas. The projects have a gross generating capacity of about 2600MW.
“The company has determined that now is not the right time to sell the business,” said Abbott.
BP announced the sale in March as part of a drive to focus on oil and gas and reposition itself for sustainable growth. Now the company plans to maximize the financial and operational performance of the wind farms.
The energy outfit has more than 2000MW of wind projects in an advanced stage of development from the east to the west coast, including the up to 285MW Cape Vincent scheme in New York.
Off the market: BP's Cedar Creek wind farm in Colorado (NCAR)