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BP bids for two Dutch offshore wind power leases

Stock MarketsMay 12, 2022 03:41AM ET
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© Reuters. A 3D printed windmill is seen in front of displayed BP (British Petroleum) logo in this illustration picture, August 11, 2021. REUTERS/Dado Ruvic/Illustration/Files

(Reuters) - Oil major BP (NYSE:BP) has submitted bids to develop two offshore wind power leases in the Netherlands, it said on Thursday, as the company increases its focus on renewable energy.

BP has bid in the tender process for two wind farm sites at the Hollandse Kust (West) zone, located 53 kilometres off the Netherlands' west coast with a potential 1.4-gigawatt power capacity.

The company said it would invest 2 billion euros ($2.1 billion) in more clean energy projects in the Netherlands if it is successful in the bids, which include a commitment to spend 75 million euros on ecological monitoring in the North Sea.

BP aims to produce 50,000 tonnes a year of green hydrogen from the wind farms, to meet its Rotterdam refinery demand and support sustainable aviation fuel production of 10,000 barrels a day, along with developing electric vehicle charging stations.

($1 = 0.9526 euros)

BP bids for two Dutch offshore wind power leases
 

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