BP
About
A London-based integrated energy company whose low carbon business, including offshore wind, sits in its gas and low carbon energy segment beside oil production and operations and customers and products. In August 2025 bp and JERA combined their offshore wind businesses in JERA Nex bp, a standalone joint venture they own 50:50, and bp contributed its development projects in the UK, Germany and the US. Headquartered in London, the joint venture develops, owns and operates offshore wind, with operating assets in Europe and Asia and, at its launch, projects across nine countries. bp keeps an option over its equity share of the joint venture's power. Its offshore wind exposure is therefore a half share in a joint venture, not a portfolio of its own projects.
Outlook
as of 2026-10Portfolio
10 held + 2 exited · live stages first, exits lastCapacity is net of ownership stake: a 50% JV counts half. Gross exposure (full nameplate of every project held): 14.7 GW.
| Project | Country | Stage | MW | Stake | Net MW |
|---|---|---|---|---|---|
| Formosa 2 | Taiwan | Operational | 376 | 24.5% | 92 |
| Gunfleet Sands | United Kingdom | Operational | 173 | 12.5% | 22 |
| Mona | United Kingdom | Advanced Development | 1500 | 50% | 750 |
| N-11.1 | Germany | Early Development | 2000 | 50% | 1000 |
| N-12.2 | Germany | Early Development | 2000 | 50% | 1000 |
| Morven (North & South) | United Kingdom | Early Development | 2900 | 25% | 725 |
| Abalone Offshore Wind Farm (Deep Wind / KHNP) | South Korea | Proposed | 1500 | 55% | 825 |
| Admiral Lee Offshore Wind Farm (Deep Wind / KHNP / bp) | South Korea | Proposed | 1500 | 33.3% | 500 |
| Beacon Wind 1 | United States | On Hold | 1230 | 50% | 615 |
| Morgan | United Kingdom | On Hold | 1500 | 25% | 375 |
| Empire Wind 1 | United States | Divested 2024-01 | 810 | 50% sold | — |
| Empire Wind 2 | United States | Divested 2024-01 | 1260 | 50% sold | — |
Divested & farmed down
every recorded sale by this developer · newest first| Announced | Project / portfolio | Type | Stake sold | €m | Buyer |
|---|---|---|---|---|---|
| 2024-01 | Empire Wind 1 | acquisition | 50% | — | Equinor |
| 2024-01 | Empire Wind 2 | acquisition | 50% | — | Equinor |
Ownership history comes from the transaction database; the portfolio above is the current snapshot only. "Joint" stakes are the consortium total (per-seller split not disclosed) and are excluded from the stake-weighted GW figure.
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