By 2025 the company intends to have approved more than 20 gigawatts of renewable energy projects an eightfold increase from 2019 dev sanyal bp s executive vice president of gas and low carbon.
Bp renewable energy companies.
This change in course is evocative of when netflix abandoned dvd.
Together they have a net generating capacity of 926mw.
Bp announced its shift away from oil to greener energy resources including natural gas renewable fuels wind solar and hydrogen.
Bp is seeking a piece of the growing renewable energy market as major companies particularly in the tech sector are shifting away from fossil fuels toward more sustainable energy sources.
By clifford krauss houston as oil prices.
The joint venture is capable of exporting 1 200gw hours of biopower to the national grid.
Bp will supply renewable energy to microsoft across multiple countries and regions including the us europe and latin america.
While bp and other european companies invest billions in renewable energy exxon and chevron are committed to fossil fuels and betting on moonshots.