BP, EnBW Secure Offshore Wind Bid in Scotland
17 January 2022 - 10:10PM
Dow Jones News
By Michael Susin
BP PLC said Monday that it has won the ScotWind bid to develop
an offshore wind project together with EnBW Energie
Baden-Wuerttemberg AG in Scotland, but didn't disclose financial
details.
The London-listed oil-and-gas company said the lease option for
the project will allow it to develop a total generating capacity of
around 2.9 gigawatts.
The project, to be known as Morven, will be located 60
kilometers off the coast of Aberdeen, it added.
The company said investments are expected to represent up to 10
billion pounds ($13.68 billion), and will include the expansion of
electric-vehicle charging infrastructure in Scotland and
green-hydrogen production.
BP shares at 1023 GMT were up 3.65 pence, or 0.9%, at 392.35
pence.
Write to Michael Susin at michael.susin@wsj.com
(END) Dow Jones Newswires
January 17, 2022 05:55 ET (10:55 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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