BP puts U.S. windfarms on sale

BP-puts-US-windfarms-on-sale
Oil giant BP has put its wind energy operations in the United States on sale. The British company announced it is selling off its interest in 16 wind farms in nine states with a combined capacity of 2,600 megawatts. BP is, like other major oil producers, engaged in the sale of investments in renewable energy. The investment in the extraction of oil and gas is a more lucrative business according to the oil companies.

In the last couple of years, the British BP group has sold for about $ 38 billion (30 billion Euros) of investments to finance the claims it got after the 2010 oil spill in the Gulf of Mexico. sold. BP aims for a slimmer company and more focused on high margins in the production of oil and gas. The sale of the wind energy investments in the U.S. could yield BP $ 1.5 billion (nearly 1.2 billion Euro).