wind
Jul 19, 2025
BP Sells U.S. Onshore Wind Business, Retreating from Green Energy
BP has agreed to offload its U.S. onshore wind assets—covering 10 wind farms powering over 500,000 homes—to LS Power, as it pivots back toward oil and gas amid financial pressures and underperformance in its green-energy arm.
On July 18, BP confirmed the sale of its U.S. onshore wind division—formerly valued around $2 billion—to LS Power (which will operate the assets under Clearlight Energy), despite withholding sale proceeds details . This move is part of CEO Murray Auchincloss’s strategy to divest $20 billion in non-core assets, having already sold $1.5 billion, and comes as BP’s renewable ambitions falter under a Trump-aligned policy environment and declining shares . The divestment marks a significant retrenchment from BP’s net-zero goal and raises questions about the future of corporate renewable investment under shifting energy policies. Read more.
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wind
Aug 22, 2025
Trump’s $19 B Clean‑Energy Bloodbath: Renewable Projects Mass‑Cancelled in One Power Grab
Financial Times reveals that since returning to power in 2025, President Trump’s policies have led to the cancellation of nearly $18.6 billion in clean energy projects—over 20 times more than in 2024—sending shockwaves through the US renewable industry.
wind
Jul 7, 2025
Trump Issues Executive Order Ending Wind & Solar Tax Subsidies
President Trump signed an executive order mandating federal agencies to enforce the termination of wind and solar tax credits after 2026 and adjust Interior policies perceived as favoring renewables.