Energy company’s deal with Japan’s Jera will allow it to focus on exploiting oil and gas assets
Business live – latest updates
BP has agreed a deal worth up to £4.5bn to build offshore windfarms with Japan’s biggest power producer, in a shift that will allow it to gain some access to zero-carbon wind energy while focusing on fossil fuels.
The FTSE 100 company will create a 50-50 joint-venture with the Japanese power generator Jera to combine their offshore wind assets, the companies announced on Monday.
More Stories
EU should spare carmakers from ‘punitive’ emissions fines, says Scholz
Netflix snaps up US broadcast rights for Women’s World Cup in ‘landmark deal’
Will Japan’s close ties with US survive the caprice and quirks of Donald Trump?