SHEL - BP Seeking Partners For Offshore Wind Projects In Japan: Report | Benzinga
BP PLC (NYSE: BP) is reportedly seeking partners for offshore wind projects in Japan and may invest in hydrogen technology companies.
The company aims to address inflation and equipment bottlenecks that have affected the renewables sector, as per Reuters.
The British oil major company focuses on expanding in the low-carbon energy market in the coming decades to survive the global transition from fossil fuels.
Anja-Isabel Dotzenrath, BP's renewables business lead executive, told Reuters it was "time to deliver" and seeking partners in Japan, one of the markets identified for growth, was part of the solution.
She further added, "Of course, inflation is not just ...