US wind developer Greenlight Energy has been bought by oil major BP for some $98 million.
Greenlight has a portfolio of some 39 mature and early stage development projects across the US with a potential total power capacity of 6.5GW, and including a number of projects which BP expects to be able to develop over the next five years.
The move follows the July deal with Clipper Windpower to acquire a 50% stake in a 2 GW US wind development portfolio, and the supply of up to 2.25 GW of turbines over the next five years.
This latest purchase, says BP, will accelerate growth of its US wind power business, a key part of BP Alternative Energy. Matthew Hantzmon, managing director of Greenlight noted: “The strategic mandate of BP Alternative Energy is a perfect fit to scale up our business and enable the build-out of Greenlight’s portfolio.”