LS Power has finalized a deal to buy bp Wind Energy North America, the U.S. onshore wind business of UK oil supermajor bp.

The agreement, announced July 18, includes five facilities wholly owned by bp and five partly owned. The 10 wind farms span seven states and provide power to more than 15 off-takers. They have a gross nameplate capacity of 1.7 GW, of which bp’s ownership share equals a net 1.3 GW output.

The deal is expected to close by the end of 2025, at which point LS subsidiary Clearlight Energy would own and operate bp Wind, bringing its fleet capacity to approximately 4.3 GW.

The sale agreement followed a competitive bidding process. Terms were not disclosed.

Bp said the deal is part of the $20 billion divestment program by which it is simplifying and refocusing on its most profitable businesses, and stepping back from energy transition efforts it now considers to have been too far and too fast.

William Lin, bp’s executive vice president for gas and low carbon energy, said in a news release: “We have been clear that while low carbon energy has a role to play in a simpler, more focused bp, we will continue to rationalize and optimize our portfolio to generate value. The onshore U.S. wind business has great assets and fantastic people, but we have concluded we are no longer the best owners to take it forward.”

The company expects $3 billion to $4 billion in divestment in 2025 and said it had signed or completed deals worth $1.5 billion in the first quarter alone.

LS CEO Paul Segal said the bp Wind fleet is a good fit for LS Power, which owns a 21-GW operating portfolio and more than 780 miles of high-voltage transmission lines, with more than 350 additional miles under construction or development.

“As an integrated business,” he said, “bp Wind Energy is a natural addition to Clearlight Energy’s growing portfolio of scalable solutions that will broaden our reach geographically and supports our strategy to make energy more efficient, affordable and available.”

The 10 wind farms, their location, their gross capacity and the percentage owned by bp are:

• • • Fowler Ridge 1, Indiana: 288 MW, 100%
    • Fowler Ridge 3, Indiana: 99 MW, 100%
    • Flat Ridge 1, Kansas: 44 MW, 100%
    • Flat Ridge 2, Kansas: 470 MW, 100%
    • Titan, South Dakota: 25 MW, 100%
    • Cedar Creek 2, Colorado: 248 MW, 50%
    • Fowler Ridge 2, Indiana: 200 MW, 50%
    • Mehoopany, Pennsylvania: 141 MW, 50%
    • Auwahi, Hawaii: 21 MW, 50%
    • Goshen 2, Idaho: 125 MW, 50%

   

• All but Auwahi are operated by bp Wind Energy North America.