BP Decides Wind Isn’t Its Thing, Passes the Breeze to LS Power

2 Minute Read

In a move that surprised absolutely no one who’s been watching BP’s strategic map bounce between fossil fuels and renewables like a pinball, the British energy giant announced it’s selling its entire U.S. onshore wind business to LS Power.

The divestment, covering a 1.7-gigawatt portfolio of operational wind assets, is part of BP’s plan to unload $3–$4 billion in assets by the end of next year. That may sound dramatic, but it’s more like spring cleaning for an energy giant trying to Marie Kondo its balance sheet.

While financial terms weren’t disclosed, it’s safe to assume BP didn’t pay LS Power in carbon credits or a handshake. The sale marks a notable pivot away from U.S. renewables—at least the ones powered by gusts and good intentions.

Still, this isn’t BP slamming the door on green energy. The company is holding onto its offshore wind and solar businesses, particularly in Europe, where the winds are apparently more agreeable—or at least better subsidized.

Meanwhile, LS Power gets a shiny new batch of wind farms to play with, extending its reach across the U.S. energy grid. The company, known for its generation and transmission portfolio, seems happy to adopt BP’s breeze-powered assets. One might even say the deal has good energy.

BP, for its part, insists the move isn’t a retreat but a "rebalancing"

Because in corporate strategy - verbs matter. CEO Murray Auchincloss continues to emphasize returns and capital discipline, presumably while whispering sweet nothings to a spreadsheet somewhere.

In the end, it’s a tidy transaction: BP lightens its asset load, LS Power boosts its wind credentials, and nobody had to drill anything. The planet might even be okay with this one.

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