BP Sells US Wind Portfolio In $20 Billion Divestment Push

BP announced Friday it will sell its entire U.S. onshore wind portfolio to LS Power, according to Benzinga. The move is part of a $20 billion divestment strategy aimed at streamlining operations and reallocating capital to targeted low-carbon investments. The deal includes 10 wind farms across seven states, totaling 1.3 GW of capacity. BP’s EVP for gas and low carbon energy, William Lin, said the company no longer views itself as the best owner of the assets but expressed confidence in LS Power’s ability to scale them. LS Power CEO Paul Segal described the acquisition as a strategic expansion, aligning with the rising demand and LS Power’s clean energy portfolio. The transaction is expected to close by year-end pending regulatory approvals. BP has completed or signed $1.5 billion in divestments in 2025 and aims to reach $3 billion to $4 billion by year-end.