BP will sell its entire American wind power business in an effort to “position the company for sustainable growth” and return to its core business of oil and gas production.
BP is the No. 6 largest oil and gas companies in the world, according to Forbes, producing 4.1 million barrels of oil per day.
“BP has decided to market for sale our U.S. wind energy business as part of a continuing effort to become a more focused oil and gas company and re-position the company for sustainable growth into the future,” BP said in an emailed statement to CNSNews.com.
BP operates 16 wind farms in nine states that together produce about 2,600 megawatts of power. It is also selling undeveloped projects that could produce an additional 2,000 megawatts.
BP said that selling its entire U.S. wind operations would make the company more profitable.