October 7, 2009

BP likes US wind

There must be something in the US wind energy market that attracts big oil and energy firm BP.

Last month, BP said it will focus its wind energy portfolio in the US while at the same time divesting its wind power interests in India. BP's subsidiary, BP Energy India Private Limited (BPEIPL), which owns and operates three wind farms in India with a total generating capacity of approximately 100 megawatts (MW), was sold for a total cash-free, debt-free enterprise value of around $95 million to Green Infra Limited.

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