To become an integrated energy company, scaling up renewables is a major focus
Since setting our net zero ambition, we’ve tripled our total potential wind capacity in the US and added 9 gigawatts (GW) of solar projects. But this is only the beginning. We aim to grow our global renewable energy capacity by 50GW by 2030 and increase our low carbon investments 10-fold.
We currently own or operate ten onshore wind assets across seven states, together they generate enough renewable electricity to power up to 450,000 homes a year. And we’re not just staying onshore, we’ve entered offshore wind with our strategic partner Equinor
We are advancing solar energy projects across the United States through our 50-50 joint venture Lightsource bp. Our partnership brings together Lightsource bp’s solar development and management expertise with bp’s scale, relationships and trading capabilities
We have a solar project pipeline spread across 12 states, with the largest portfolios in Texas and the Midwest. Assets with a combined generating capacity of 2.2GW are expected to reach a final investment decision by 2025, with further projects progressing by 2030