BP has reached an agreement to sell its US onshore wind business to LS Power, the companies said on Friday, marking a further step in BP’s ongoing portfolio simplification efforts.
The transaction will integrate BP Wind Energy’s assets into LS Power’s Clearlight Energy portfolio, expanding its operating capacity to approximately 4.3 gigawatts. The deal includes ten operating onshore wind projects across seven US states, with a combined gross generating capacity of 1.7 GW (1.3 GW net to BP). These assets currently supply power to over 15 off-takers and are fully grid-connected.
BP executive vice president for gas and low carbon energy William Lin said the decision reflects a strategic portfolio optimization. “The onshore US wind business has great assets and fantastic people, but we have concluded we are no longer the best owners to take it forward,” he said. Lin added that the companies aim for a smooth transition, supporting continued safe and reliable operations.
LS Power CEO Paul Segal described the acquisition as a strategic addition to the firm’s renewable energy portfolio, which already includes a 21 GW operating capacity spanning renewables, energy storage, flexible gas, and renewable fuels, along with significant high-voltage transmission infrastructure.
“Well-located with well-structured contracts, these new assets will expand our renewable energy presence and help to meet growing energy demand across the US,” Segal said. He also welcomed the transition of BP’s workforce, emphasizing collaboration to create stakeholder value.
The deal is expected to close by the end of 2025, pending regulatory approvals, and follows BP’s $20 billion divestment programme aimed at simplifying and focusing its business.
