BP has reached an agreement to sell its U.S. subsidiary, bp Wind Energy North America Inc., to LS Power following a competitive divestment process. This move aligns with BP’s strategy to simplify its portfolio and refocus on oil and gas, aiming to enhance shareholder returns.

The deal covers 10 operational onshore wind farms across seven U.S. states, nine of which are currently operated by BP. Total gross capacity is 1.7 GW, with 1.3 GW attributable net to BP. All facilities are grid-connected and supply energy to over 15 different buyers. The transaction is expected to close by the end of 2025, once regulatory approvals are obtained.

Strategic and financial context

This sale is part of BP’s $20 billion divestment strategy, initiated in February, with a targeted $3–4 billion in proceeds for 2025—$1.5 billion of which has already been completed.

Under CEO Murray Auchincloss, BP is pivoting back to its core oil and gas business to improve financial returns, as renewable performance has disappointed investors.

The wind division is being transferred as a standalone entity, and its experienced team will move to Clearlight Energy, LS Power’s subsidiary, ensuring smooth operations and safe transitions.

Once integrated, Clearlight Energy will manage approximately 4 GW of renewable capacity. LS Power’s total operational footprint comprises 21 GW of assets across renewables, storage, flexible gas, and renewable fuels, plus 780 miles of high-voltage transmission lines, with another 350 miles under construction.

CEO Paul Segal stated that the acquisition strengthens LS Power’s infrastructure platform with well-sited assets and long-term contracts designed to meet growing U.S. energy demand.

This deal represents a decisive step in BP’s portfolio reshaping—divesting from underperforming renewables to sharpen its focus on oil and gas—while LS Power significantly boosts its presence in America’s energy infrastructure landscape.