Close Menu
  • Home
  • News
    • Solar
    • Wind Energy
    • Bioenergy
    • Geothermal
    • Grid
    • Hydrogen
    • Hydropower
    • Ocean Energy
    • Politics
  • Climate
  • Energy Storage
  • Finance
  • Opinions
  • Peoples
  • Smart Energy
  • Transportation
  • Study
  • —
  • Account
  • Log In
Facebook X (Twitter) Instagram
  • About Us
  • Advertising
  • Privacy Policy
  • Contact
Facebook X (Twitter) LinkedIn WhatsApp
Account Monday, October 20
Energymagz
SUBSCRIBE Login
  • Home
  • News
    • Solar
    • Wind Energy
    • Hydropower
    • Hydrogen
    • Geothermal
    • Bioenergy
    • Ocean Energy
  • Region
    • Europe
    • North America
    • Asia
    • Africa
    • Middle East
    • Australia & Oceania
    • Latin America
  • Politics
  • Finance
  • Energy Storage
  • Grid
  • Climate
  • Peoples
  • Study
Energymagz
  • Wind Energy
  • Solar
  • Bioenergy
  • Geothermal
  • Hydropower
  • Ocean Energy
  • Hydrogen
  • Transportation
  • Smart Energy
Home » Finance » BP to Save $200 Million by Streamlining Hydrogen Projects and Divesting US Wind Business
Finance

BP to Save $200 Million by Streamlining Hydrogen Projects and Divesting US Wind Business

By Willow SnyderOctober 29, 20241 Min Read
Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Credit: Weixi Zeng
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

BP has outlined plans to save approximately $200 million by focusing on a select number of hydrogen projects and selling its US onshore wind assets. The UK-based energy giant shared in its third-quarter report that it will narrow its hydrogen initiatives to between five and ten key projects and continue the sale of its 1.7GW

To continue reading this article, please subscribe:

Monthly Plan

Price: $30 / month

Features:

  • Full access to all renewable energy news and analysis
  • Exclusive expert interviews and industry reports
  • Daily newsletter with latest updates
  • Access to multimedia content (videos, podcasts)
  • Commenting and community engagement

Sign Up

Annual Plan

Price: $300 / year (Save 17%)

Features:

  • Everything in the Monthly Plan
  • 2 months free compared to monthly subscription
  • Priority access to special reports and webinars
  • Early access to newsletters and featured articles
  • Exclusive members-only content and events

Sign Up

Already a subscriber? Log in here:

 
 
Forgot Password
Acquisition BP Hydrogen Kate Thomson Wind
Follow on Flipboard Follow on X (Twitter) Follow on LinkedIn
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleGrenergy Partners with CATL for Battery Supply in Chile’s Landmark Oasis de Atacama Solar Project
Next Article Verano Energy Breaks Ground on 200MW Solar PV Plant in Argentina’s Mendoza Province

Related Posts

Iberdrola Secures EUR 120 Million in Debt Financing for Energy Innovation

October 23, 2024 Finance

Brookfield Renewable Partners Reports 9% Increase in Q2 FFO

August 6, 2024 Finance

H2 Energy Europe Receives Building Permit for 1-GW Green Hydrogen Project in Denmark

June 11, 2024 Hydrogen

ReNew Energy Global Partners with Societe Generale in $1 Billion Pact for Energy Transition Projects

May 16, 2024 Finance

BP’s Gas and Low Carbon Energy Business Reports Decline in 2023 Profits

February 7, 2024 Finance

Avaada Group Concludes Solar and Green Hydrogen Funding Round, Garnering $1.3 Billion

June 29, 2023 Finance
Latest Post

Eurelectric Proposes Five Key Measures to Boost Electrification Ahead of EU Energy Council

October 17, 2025

Buss Terminal Eemshaven Secures Investment to Expand Offshore Wind Capabilities

October 17, 2025

GE Vernova to Supply 42 Wind Turbines for 252MW Greenvolt Project in Romania

October 17, 2025

EU Unveils Strategy to Strengthen Global Role in Climate and Energy Transition

October 17, 2025

TenneT Completes Commissioning of 900MW DolWin5 Offshore Grid Connection

October 17, 2025
Facebook X (Twitter) LinkedIn WhatsApp

News

  • Wind Energy
  • Solar Energy
  • Hydropower
  • Hydrogen
  • Geothermal
  • Bioenergy
  • Ocean Energy

Region

  • Europe
  • North America
  • Asia
  • Africa
  • Middle East
  • Australia and Oceania
  • Latin America

Friends

  • EVMagz
  • Pivle
  • SpaceMagz
  • Teknowire
  • Smashresume
  • Smashfreakz

EnergyMagz

  • About Us
  • Advertising
  • Privacy Policy
  • Cookie Policy
  • Contact

Subscribe to Updates

Subscribe for the latest in renewable energy from Energymagz.

© 2025 EnergyMagz. Designed by EnergyMagz.

Type above and press Enter to search. Press Esc to cancel.

Sign In or Register

Welcome Back!

Login to your account below.

Lost password?