BP and JERA Abandon U.S. Offshore Wind Project Amid Policy Shift ...Middle East

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BP and JERA Abandon U.S. Offshore Wind Project Amid Policy Shift
source : OILPRICE ( Middle East ) () 114
A joint venture between BP and Japan’s JERA has decided to pull the plug on a major offshore wind project in the United States, citing soaring costs and a change in federal policies. JERA Nex BP said inflation had also motivated its decision, which would see its U.S. workforce laid off over the next few months, the company said in a statement. “JERA Nex bp has taken the difficult decision to reduce our activities in the US to a minimal level and will close our operating activities in the market. Unfortunately, as a result of this, all…

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