BP to focus on U.S. wind farms
Europe's second-largest oil company, will end its planned wind power projects in India, China and Turkey to focus on onshore generation in the U.S. BP plans to have 1 gigawatt of wind power generating capacity in the U.S. by the end of the year, which will rise to 3 gigawatts ``in the next couple of years,'' said the company spokesman Robert Wine. Together with Clipper Windpower Plc, it plans to invest as much as $15 billion to build the world's biggest wind farm in the U.S.
BP is following the same strategy as its European larger rival, Royal Dutch Shell Plc, by focusing on U.S. wind projects. Shell in May sold its 33 percent stake in the London Array project, a 1,000-megawatt wind park off the English coast, citing rising costs. The U.S. offers access to land such as the Texan plains, where developers can build plants with less objections from local communities than in Europe.
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