HomeNewsbp boosts its renewables business in the US with 9GW solar acquisition to be developed by Lightsource bp

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bp boosts its renewables business in the US with 9GW solar acquisition to be developed by Lightsource bp

6/2/2021

Acquiring 9GW pipeline of high-quality solar projects from 7X Energy To be owned by bp, developed through Lightsource bp Accelerates bp’s progress towards target of developing 20GW of low carbon energy by 2025 Demonstrates bp’s continued commitment to investing in clean energy in the US Projects expected to meet bp’s disciplined 8-10% returns threshold bp reached an agreement today to purchase 9GW of solar development projects in the US from independent US solar developer 7X Energy. The acquisition represents a significant step towards bp’s target of growing its net developed renewable generating capacity to 20GW by 2025 and aim to increase this to 50GW by 2030. The deal will also

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