• we cover more than 1,000 news per day, in 2 languages, and 83,000 stocks
Light Dark
it
italian it
english en

BP shifts offshore wind to joint venture amid retreat from renewables

www.theguardian.com 09-12-2024 01:52 1 Minutes reading

Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets

BP has agreed a deal worth up to £4.5bn to build offshore windfarms with Japan’s biggest power producer, in a shift that will allow it to gain some access to zero-carbon wind energy while focusing on fossil fuels.

The FTSE 100 company will create a 50-50 joint-venture with the Japanese power generator Jera to combine their offshore wind assets, the companies announced on Monday.

Continue reading...

Info

Related news
More UK retailers in critical financial distress;...
27.12.24 03:38
by theguardian.com

More UK retailers in critical financial distress; fashion brand Quiz needs more...

Rolling coverage of the latest economic and financial news

More drama in the currency markets!

India’s currency, the rupee, hit an all-time low today before rebounding – sparking speculation that the Indian central bank was selling dollars via state-run banks to curb the weakness.

The Reserve Bank of India “stepped in heavily” near the 85.80 level, which helped the rupee recover, a trader at a foreign bank said.

Dollar demand related to maturing non-deliverable forwards (NDF) and currency futures weighed on the rupee on Friday while panic dollar buying from importers compounded the pressure, traders said.

Continue reading...

Sentiment
-0.5
Bearish/Bullish
50