Empire Wind (2+ GW) + Beacon Wind (2.4+ GW) — bp acquires 50% non-operating interest
bp officially enters offshore wind — closes acquisition of 50% non-operating interest in Empire Wind + Beacon Wind from Equinor for $1.1B. Agreement signed Sep 2020; closed Jan 29, 2021. Reversed in 2024 swap.
$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
- offshorewind.biz
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