BP partners with Marubeni for Japanese offshore wind push
The major will establish a local offshore wind development team in Tokyo
BP has formed an alliance with Japanese conglomerate Marubeni to focus on the development of offshore wind projects in Japan. Under the deal, which is subject to merger control approvals, BP will take a 49pc stake in a wind project off the Japanese coast that has already been proposed by Marubeni. Neither company disclosed the details of the development. BP will establish a local offshore wind development team in Tokyo. “We are unlocking new regions and new opportunities for BP. Combining our international energy expertise and technical capabilities with Marubeni’s track record of wind and energy development and first-class regional relationships, we can together build important new clean en
Also in this section
28 March 2024
US company aims to accelerate deployment of new technologies offered by Norwegian pureplay CCS firm
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity