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 Sunday, October 26
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 Reports $540 Million Q3 2023 Impairment Charge on US Offshore Wind Projects
Finance

BP Reports $540 Million Q3 2023 Impairment Charge on US Offshore Wind Projects

By Eddie GriffithNovember 1, 20232 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email Telegram Copy Link
Author: Mike Mozart. Licence: Creative Commons, CC BY 2.0 DEED.
Share
Facebook Twitter LinkedIn Pinterest Email Copy Link

British oil and gas giant BP Plc (LON:BP) announced a pre-tax impairment charge of USD 540 million (EUR 509m) during the third quarter of 2023, connected to its offshore wind ventures in the United States, developed in collaboration with Equinor ASA (OSE:EQNR). This impairment charge comes in the wake of the New York Public Services

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
BP Germany New York Offshore Power Purchase Agreement United States Wind
Follow on Flipboard Follow on X (Twitter) Follow on LinkedIn
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleX-Noor Appoints New Leader to Drive Solar Energy Expansion in the GCC
Next Article Freja Offshore Announces Ambitious Plans for 2.5-GW Floating Wind Farm in Swedish Waters

Related Posts

BP Reports $540 Million Impairment Charge for New York Offshore Wind Projects

October 31, 2023 Wind Energy

Copenhagen Infrastructure Partners and Avangrid Announce Major Financial Milestone for Vineyard Wind 1 Project

October 27, 2023 Finance

RWE and Npower Business Solutions Forge Renewable Power Partnership in the UK

October 10, 2023 News

Six U.S. Governors Urge Biden Administration to Bolster Offshore Wind Industry

September 19, 2023 Wind Energy

Vissim Acquires Nesspoint to Expand Marine Optimization Offerings for Offshore Wind Farms

May 2, 2023 Wind Energy

Orsted and Eversource Celebrate Milestones at Rhode Island Offshore Wind Hub

May 2, 2023 Wind Energy
Latest Post

Oga Katagami Akita Offshore Green Energy Awards Foundation Contract to Kajima for 315MW Project

October 24, 2025

Neoen Commissions 412MW Goyder South Wind Farm in South Australia

October 24, 2025

EBRD Provides Loan to Back Lithuania’s Largest Onshore Wind Project

October 24, 2025

Orsted Names Alana Kühne as Head of European Development

October 24, 2025

European Energy Sells 50% Stake in Latvia’s Saldus Solar and Battery Project to Sampension

October 24, 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?