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Announced

BP to acquire 9GW pipeline of high-quality solar projects from 7X Energy fro $220m.

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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