Announced
Financials
Sources
Tags
solar power
solar assets
Friendly
United States
Pending
Renewable Energy Equipment
Acquisition
Single Bidder
Majority
Cross Border
Private
Synopsis
BP agreed to acquire 9GW pipeline of high-quality solar projects from 7X Energy, an independent US solar developer, for $220m. "With this purchase, we are continuing to put our strategy in action as we grow our renewables business in a deliberate and disciplined way. It brings us 9GW of high-quality solar projects in markets where we can create integrated renewable energy offers through our trading and customer franchises," Dev Sanyal, BP Executive Vice President of gas and low carbon energy.
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