BP Acquires US Solar Projects From 7X Energy for $220 Million
01 Junho 2021 - 6:58AM
Dow Jones News
By Adria Calatayud
BP PLC said Tuesday that it has agreed to buy nine gigawatts of
U.S. solar-development projects from 7X Energy for $220
million.
The U.K. energy giant said the deal will increase its renewables
pipeline to 23 gigawatts, from 14 gigawatts, and represents a
significant step toward its target of growing its net developed
renewable generating capacity to 20 gigawatts by 2025 and aim to
increase this to 50 gigawatts by 2030.
The assets will be developed through BP's solar joint venture
Lightsource BP, the company said.
The deal is expected to be completed in 30 days, BP said.
Write to Adria Calatayud at adria.calatayud@dowjones.com
(END) Dow Jones Newswires
June 01, 2021 05:43 ET (09:43 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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