BP Calls Off Sale of US Wind Business

New Hampshire, USA — Four months after announcing it would put its U.S. wind business on the auction block, BP reportedly is calling off the prospective sale, saying that it has determined that the timing isn’t right — though the fate of that business remains undetermined.

After receiving an undisclosed number of bids, “the company has determined that now is not the right time to sell the business,” said Matt Hartwig, a spokesperson for BP America and its Alternative Energy business, in an e-mail exchange. He wouldn’t address details of the sale process, its participants, or the bids that BP received, which he characterized as “commercially sensitive.”

BP’s wind businesses here in the U.S. encompasses 2.6 gigawatts (GW) of generating capacity spread across 16 farms in operation across nine states (Texas, Indiana, Colorado, Kansas, California, South Dakota, Idaho, Hawaii, and Pennsylvania), with another ~2 GW of projects in development “nearly shovel-ready,” according to the company.

Written by James Montgomery. To read the full article, click here.

Hawaii sets ‘breakthrough’ framework for new solar power

“Hawaii’s love affair with rooftop solar energy has turned into a gold rush. In 2012, as many permits for new solar units were issued on the island of Oahu alone as in the entire state over the last decade.

That, inevitably, has led to gridlock. Homeowners and businesses in some areas have been required to conduct expensive studies before hooking up new solar power to the electrical grid, which utility operators fear could become saturated with unpredictable do-it-yourself power.”

Written by: Kim Murphy To read full article click here