BP informed that it intends, until 2030, to multiply by ten, the investments in renewables. The company, in partnership with Equinor, will invest in wind projects in the US

BP, an oil and energy multinational, will invest 1,1 million euros, in partnership with Equinor, a Norwegian company, to start its wind projects in the United States. BP's intention is that the projects will be similar to those already existing in New York and Massachusetts.

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Bernard Looney, BP's managing director, said of the company's partnership with Equinor, "This is an important first step in our strategy and future transition to being an integrated energy company."

In a note, BP says it wants to meet the goals of the renewable energy sector. The company also claims that it will change from an oil company to an energy sector company. The group had already published a note that by 2030 it will “multiply by ten” investments in renewable energies due to carbon emissions. The company's annual investment will be around 5 million dollars.

Bernard Looney even reported that offshore wind power systems will see a 20% increase worldwide, especially in the US.

BP and Equinor intend to study the possibility of carrying out projects in which the wind system is located offshore, in the North American market.

Due to the Covid-19 pandemic, the oil company was seriously hampered in terms of lack of demand.