BP to acquire Empire Wind, Astoria Gateway, and Beacon Wind assets of Equinor

BP, an oil and petrochemicals company, agreed to acquire a 50% stake in Empire Wind, Astoria Gateway, and Beacon Wind of Equinor, a Norwegian energy company. Financial terms were not disclosed. “We remain disciplined with an uncompromised focus on value creation across our entire offshore wind portfolio as we continue to pursue growth opportunities that underpin our company’s transformation,” Anja Isabel Dotzenrath, bp Executive Vice President.