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Almost five years ago, BP embarked on an ambitious attempt to transform itself from an oil company into a business focused on low-carbon power. The British company is now trying to return to its ...
French energy giant TotalEnergies has pulled ahead of rivals Shell and BP in the race to build up a renewables business, data collected by Reuters shows. TotalEnergie's shares have also ...
Apart from this, BP projects lower exploration write-offs to be $0.1 billion to $0.2 billion lower quarter-over-quarter. The company anticipates gas marketing and trading results to be average.
In 2017, BP invested $200 million to acquire a 43% stake in the solar energy developer Lightsource Renewable Energy, a company which was renamed Lightsource BP. [148] [149] In March 2017, the company acquired Clean Energy's biomethane business and assets, including its production sites and existing supply contracts. [150]
Lightsource BP, rebranded from Lightsource Renewable Energy in 2018, is the largest solar developer in Europe, and third largest in the world outside of China. [1] [2] Lightsource BP is a British company with headquarters in London, and offices in Madrid, Milan, Athens, San Francisco, Austin, Philadelphia, Mumbai, New Delhi, Cairo, Melbourne, Amsterdam, Bath, Belfast and Dublin.
[10] [9] BP Solar exited the joint venture in 2012, and Tata BP Solar became a wholly owned subsidiary of the Tata Group. [11] In 2004, the R&D part of BP Solar was sold to the UK's National Renewable Energy Centre (Narec). In 2013, it became Solar Capture Technologies. [12] In 2010, it closed down the factory at Frederick, Maryland. [13]
Archaea Energy, which was acquired by energy giant bp in December 2022 for $4 billion, announced plans to develop a similar plant at the site in 2020, but it’s unclear whether it was ever ...
In 2021, Brazil's worst drought in almost a century threatened its electricity supply. [6] [7] Brazil relies on hydropower for two-thirds of its electricity.[8]Euractiv reported that European Commissioner for Climate Action Frans Timmermans told the European Parliament in Strasbourg that "about one fifth" of the energy price increase "can be attributed to rising CO 2 pricing on the EU's carbon ...