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Released November 14, 2013 | SUGAR LAND
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Researched by Industrial Info Resources (Sugar Land, Texas)--BP Wind's (NYSE:BP) (London, England) plans to divest its U.S. wind energy development portfolio were put on hold in July of this year. But the company is now seeking to divest its wind energy business by the end of 2013, and it has submitted a notice to the New York Public Service Commission regarding the issue. These plans include the potential sale of its 285-megawatt (MW) Cape Vincent wind project.
The submitted notice says that BP Wind's portfolio consists of 18 projects that total 3 gigawatts (GW); all are in various stages of development.
"BP is seeking to sell these assets in one or more transactions," said a BP spokesperson. "It is expected that the transactions will close by year-end. The terms of the sale are confidential."
Although the company is selling its developmental portfolio, it does intend to retain its operating windfarms for the time being.
View Plant Profile -- 1078605 3026931 1073459 1067517 1072996 3051556 1065660 1067778 1069974 1066999 1060172 1066950
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
The submitted notice says that BP Wind's portfolio consists of 18 projects that total 3 gigawatts (GW); all are in various stages of development.
"BP is seeking to sell these assets in one or more transactions," said a BP spokesperson. "It is expected that the transactions will close by year-end. The terms of the sale are confidential."
Although the company is selling its developmental portfolio, it does intend to retain its operating windfarms for the time being.
View Plant Profile -- 1078605 3026931 1073459 1067517 1072996 3051556 1065660 1067778 1069974 1066999 1060172 1066950
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and nine international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities.
