Renewables and power

Wind energy in the US

Onshore wind energy US (bpWE)

In September 2024, bp announced that it plans to sell its existing US onshore wind energy business, bp Wind Energy, as an integrated business, with its experienced workforce expected to transfer to the new owner on completion of a sale.

• bp’s current gross US wind capacity through bp Wind Energy is 1.7GW (1.3 GW net capacity).
• bp operates nine onshore wind assets across six states (Colorado, Idaho, Indiana, Kansas, Pennsylvania and South Dakota), with interest in a tenth asset in Hawaii.
• Together, our US onshore wind farms generate enough renewable electricity to potentially power around 540,000 homes a year.
• bp Wind Energy’s largest onshore footprint is in Indiana, where we operate three wind farms spanning over 42,000 acres.

Offshore wind energy

bp is the lead developer and 100% owner of the Beacon Wind offshore wind project located in federal waters between Cape Cod, Massachusetts, and Long Island, New York. In December 2024, we announced our intention to join forces with JERA to create a top-tier global offshore wind joint venture, JERA Nex bp.

As JERA Nex bp seeks to develop a pipeline of significant longer-term opportunities in offshore wind, policies that expand transmission and clarify leasing, siting and permitting will be key to enabling wind energy in the US.

Solar energy

Solar energy represents America’s fastest-growing power source, accounting for more than 40% of all new electricity generating capacity. Analysts have projected that total US solar capacity will quadruple over the next 10 years.

On October 24, 2024, bp completed its acquisition of the remaining 50.03% interest in Lightsource bp, one of the world’s leading developers and operators of utility-scale solar and battery storage assets. 

Lightsource bp expands bp’s presence globally in the onshore renewable energy industry, with a 62GW development pipeline and operations spanning 19 global markets, including 28 US solar projects in AL, AR, CA, CO, IN, KS, LA, NM, OH, PA, TX.

• Lightsource bp has developed a total of 3.5GW of US projects that are in operation or under construction – enough to power more than 600,000 homes per year. 

Renewables are a critical part to getting to net zero and we’re advocating for policies like clean energy tax credits to scale up solar projects in the US.