BP forms offshore-wind joint venture with JERA, in pullback from renewables
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BP has decided to spin off its offshore-wind operations into a joint venture with Japan's JERA, indicating a strategic pullback from its renewables business.
December 09, 2024 | 4:30 pm
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BP is forming a joint venture with JERA for its offshore-wind operations, marking a strategic shift away from renewables.
The formation of a joint venture with JERA for offshore-wind suggests BP is re-evaluating its commitment to renewables. This could impact investor perception of BP's long-term strategy, but the immediate financial impact is unclear.
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