BP $BP. (+1,12 %) , one of the world's largest oil companies, has decided to sell its onshore wind energy business in the United States. This business, called BP Wind Energy, is estimated to be worth around $2 billion and includes nine wind farms that BP fully owns, plus a share in a tenth farm in Hawaii. The company says it's making this move to focus more on its solar energy business, Lightsource BP, which it's in the process of buying completely. This decision is part of BP's broader strategy to simplify its operations and concentrate on areas where it sees more potential for growth and value.BP has faced some challenges in the renewable energy sector recently. Last year, it had to write down the value of its offshore wind business in the US by $1.1 billion due to difficulties with projects on the east coast. The company's former renewables chief even stated that offshore wind in the US was "fundamentally broken." This sale also reflects a shift in BP's overall strategy under its new CEO, Murray Auchincloss, who took over in January. The company appears to be refocusing on its traditional oil and gas business, which has been more profitable. Some analysts expect BP might even drop its previous commitment to reduce oil and gas production significantly by 2030.

The wind farms BP is selling are spread across seven states and can generate a total of 1.7 gigawatts of power. While BP is moving away from onshore wind in the US, the renewable energy sector as a whole continues to grow, with solar power becoming increasingly competitive and widespread.This move by BP highlights the ongoing challenges and changes in the renewable energy industry, as companies try to balance environmental goals with financial performance and changing market conditions.

German keywords:

Windenergie | Solarenergie |Erneuerbare Energien| Energiewende | Österreich