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.
About Author
More Stories
Italy seeks to protect restaurants and hotels from fake and paid-for reviews
YouTube star MrBeast joins bid to buy TikTok in US
‘A vicious circle’: how the roof blew off Spain’s housing crisis