In Partnership With Equinor, Multinational BP Will Invest 1.1 Million Euros In Developing Wind Projects

Written by Roberta Souza

Published on 10/09/2020 at 09:07

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BP Announced That It Aims to Multiply Its Investments in Renewables by Tenfold by 2030. The Company, in Partnership with Equinor, Will Invest in Wind Projects in the USA

BP, a multinational oil and energy company, will invest €1.1 million, in partnership with Equinor, a Norwegian company, to start its wind projects in the United States. BP’s intention is for the projects to be similar to those already existing in New York and Massachusetts.

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Bernard Looney, CEO of BP, spoke about the company’s partnership with Equinor, saying, “This is an important first step in our strategy and in the future transition to becoming an integrated energy company.”

In a statement, BP says it aims to meet the goals of the renewable energy sector. The company also states that it will transition from being an oil company to being part of the energy sector. The group had previously announced that by 2030 it will “multiply by ten” its investments in renewable energy due to carbon emissions. The company’s annual investment will average around $5 million.

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In Partnership With Equinor, Multinational BP Will Invest 1.1 Million Euros In Developing Wind Projects

BP Announced That It Aims to Multiply Its Investments in Renewables by Tenfold by 2030. The Company, in Partnership with Equinor, Will Invest in Wind Projects in the USA

See Other News:

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In Partnership With Equinor, Multinational BP Will Invest 1.1 Million Euros In Developing Wind Projects

BP Announced That It Aims to Multiply Its Investments in Renewables by Tenfold by 2030. The Company, in Partnership with Equinor, Will Invest in Wind Projects in the USA

See Other News:

With billions in loans, China is rebuilding Nigeria’s railway network from scratch, abandoning the British colonial tracks that have turned to scrap and creating a corridor of over 1,300 km to take the load off the roads of Africa’s largest economy.

Forget petroleum-based asphalt: a Scottish company transforms 684,000 plastic bottles into one kilometer of road that is 60% more resistant and up to 10 times more durable, and the technology has already started replacing traditional asphalt in more than 30 countries.

China is building an artificial island in the middle of the sea, covering 20 km², to construct the largest offshore airport in the world, the Dalian Jinzhouwan. This $4.3 billion project is anchored on more than 3,000 pillars embedded in the rock beneath the ocean and is scheduled to open in 2035.

Austrian engineers have developed an inflatable concrete technology that transforms flat slabs into domes using only air pressure, eliminating scaffolding and temporary forms, and potentially changing the way bridges, tunnels, and curved roofs are constructed worldwide.

A robot named Walter does the work of five bricklayers per hour and can save the construction industry, where the average age of professionals is 46 years and almost no one wants to learn the trade anymore, in the United Kingdom.

Spain installs two giant pipelines 2.2 km off the coast to draw water from the Mediterranean and supply a megafacility capable of producing 200 million liters of drinking water per day.

A 250-ton transformer traveled 1,929 km by road in India on a slow and planned journey that demonstrates how the power grid relies on giant loads, detours, and impossible routes for regular trucks.

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African country launched a $145 million project to rehabilitate 35 dams and drill deep wells seeking water stored for millennia beneath the desert, a plan that Captain Ibrahim Traoré’s government presents as a path to the country’s water sovereignty.

A 400-meter colossus powered by natural gas has just set sail from Shanghai to Europe, carrying over 24,000 containers. It is the world’s largest dual-fuel container ship and can cross the planet without refueling even once.

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