BP drops plan to sell wind farms


BP has dropped plans to sell its U.S. wind business, nearly four months after the British energy giant announced it wanted to focus on oil and gas operations.

“Despite receiving a number of bids, the company has determined that now is not the right time to sell the business,” said BP spokesman Matt Hartwig in a written statement. “Our focus will remain on safely maximizing the financial and operational performance of the existing assets.”

An unnamed spokesman told Reuters that BP never received an acceptable bid for its 16 wind farms, which operate in nine states, including Texas.

The company’s wind portfolio can generate 2,600 megawatts, enough to power about 1.3 million average Texas homes under normal conditions.

BP never revealed a value for the wind business. It shut down its solar business in 2011.

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