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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Bernard Looney also announced that offshore wind energy systems will see a 20% increase worldwide, especially in the USA.

BP and Equinor plan to study the possibility of developing projects where the wind systems will be offshore in the North American market.

Due to the Covid-19 pandemic, the oil company was severely affected by a lack of demand.

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:

The Soviet Union spent 22 years drilling into the Earth’s crust and reached a depth of 12,262 meters — they found water where it was thought impossible, hydrogen bubbling from the rock, granite that is 2.7 billion years old, and temperatures of 180 degrees that melted the drill bits.

Norway is drilling 27 kilometers of rock 392 meters below the bottom of a fjord to build the world’s largest and deepest underwater road tunnel — when completed, a 21-hour journey will be reduced to 10.

A German architect built a cylindrical house in 1994 that rotates to follow the sun throughout the day, generates 5 times more energy than it consumes, and was the world’s first energy-positive house.

An astronaut spent 340 days in space while his twin brother stayed on Earth, and NASA found a “rejuvenating” effect, genes, microbiome, cognition, and immune system that revealed the biological cost of living outside the planet.

A company that drilled for oil has drilled 4.8 kilometers of rock in Utah and found a never-ending heat of 290 degrees — now it is building the world’s first next-generation commercial geothermal power plant, with 100 MW connected to the grid in June 2026.

China has just successfully tested the world’s first ground effect maritime vehicle, a craft that flies up to 6 meters above the water at 200 km/h, uses quantum technology and 6G communication, and can rescue patients in the middle of the ocean.

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