Sept 16 (Reuters) - BP said on Monday it plans to
sell its U.S. onshore wind energy business, which has interests
in ten operating onshore wind energy assets across seven states.
The company intends to integrate onshore renewable power
development into Lightsource BP, Europe's largest solar energy
developer, which BP plans to fully acquire.
BP said it will launch the sale process for its wind
assets shortly.
Several offshore wind companies have cancelled or sought
to renegotiate power contracts for planned U.S. projects in the
past year, citing soaring materials costs, high interest rates,
and supply chain disruptions.
Last month, Danish renewable energy group Orsted
reported 3.9 billion Danish crowns ($581.59 million)
in impairment losses for the second quarter, partly due to
delays in a major U.S. offshore wind project.
($1 = 6.7058 Danish crowns)