BP became the latest supermajor to join a key floating wind industry initiative as the oil & gas sector strengthened its presence in the fast-emerging market for foundation-free offshore wind.
UK-based BP joined the Floating Wind Joint Industry Project (JIP), led by the UK’s Carbon Trust, which includes many of the key players planning floating wind developments.
BP has come from a standing start less than a year ago to become a major player in fixed-foundation offshore wind by buying a half-share in Equinor’s giant projects off New York and winning a share of new seabed rights off northwest England.
