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Monday, July 29, 2013

BP calls off 2.6GW wind sale

UK-based energy company BP has cancelled a sale of US wind farms, said BP Wind Energy spokesperson Amanda Abbott.
“BP is terminating the marketing of its wind energy business, opting not to sell its 16 wind farms at this time,” said Abbott.
The company received “a number of bids” for the assets, located in California, Colorado, Hawaii, Idaho, Indiana, Kansas, Pennsylvania, South Dakota and Texas. The projects have a gross generating capacity of about 2600MW.
“The company has determined that now is not the right time to sell the business,” said Abbott.
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