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M&AAnnouncedSeptember 10, 2020

Empire Wind + Beacon Wind — bp acquires 50% non-operating interest (4+ GW combined OSW potential)

bp + Equinor agreement: bp acquires 50% non-operating interest in Empire Wind + Beacon Wind for $1.1B. Strategic 50/50 partnership. bp's entry into US offshore wind. Closed Jan 29, 2021.

$1.10B

Deal Value

4,400MW

Capacity

Offshore Wind

Technology

NY, MA

Location

Deal Details

Deal Type
Project & Portfolio M&A
Seller / Sponsor
Equinor
Buyer / Financier
bp p.l.c.
Deal Value
$1.1B
Stage
Development
ISO/RTO
NYISO, ISO-NE
Source
Equinor

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