BP spins out offshore wind business into joint venture with Japan power company
London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, is spinning out its offshore wind business into an equally owned joint venture with Jera Co. Inc., Japan’s largest power company, after a breakdown of BP’s previous offshore wind joint venture.
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BP Plc and Jera Co., Japan’s biggest power producer, will merge their offshore wind businesses and invest as much as $5.8 billion in the joint venture before the end of the decade, according to a ...
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