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BP Acquires 9 Gigawatts of Texas, PJM Solar Projects from 7X Energy

BP Acquires 9 Gigawatts of Texas, PJM Solar Projects from 7X Energy

power

Industry Segment: Power | Word Count: 673 Words
Attachment: BP-7X 0621

SUGAR LAND--June 3, 2021--Researched by Industrial Info Resources (Sugar Land, Texas)--Had BP plc (NYSE:BP) (London, England) snatched up multiple projects from solar-energy developer 7X Energy (Austin, Texas) a decade ago, the news would have surprised the Oil & Gas Industry. These days, it's barely news: Traditionally fossil fuel-focused companies are diversifying their portfolios with renewable assets, because it's no longer as profitable to rely entirely on oil, natural gas and other less-than-green sources. Industrial Info is tracking more than $2.2 billion worth of active 7X projects, and about $4.9 billion in global projects held by Lightsource BP Renewable Energy (San Francisco, California), a BP subsidiary set to develop BP's new assets.

Within this article: Details on some of the major active projects from Lightsource BP and 7X, including a series of solar buildouts across Texas.

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