Press release
bp to enter German offshore wind market with 4GW auction win
- Awards will help accelerate pace of bps transformation in Germany
- Renewable power from offshore wind will be in service of bps green hydrogen and biofuels production, electric mobility growth and refinery decarbonization as well as wider industry decarbonization in Germany
- Fully aligned with bps integrated energy company strategy and disciplined capital allocation framework
bp has been awarded the rights to develop two offshore wind projects in the German tender round, marking its entry into offshore wind in continental Europe.
The two North Sea sites, located 130km and 150km offshore in water depths of about 40m, have a total potential generating capacity of 4GW. Subject to receiving the necessary permits and approvals, these would be bps first offshore wind projects in Germany and are fully aligned with the companys integrated energy company strategy and disciplined capital allocation.
bp will lead the development, construction and operations of these fixed-bottom offshore wind projects, with grid connection targeted by end 2030. bps global offshore wind pipeline now totals up to 9.2GW net to bp.
Anja-Isabel Dotzenrath, bps executive vice president, gas and & low carbon energy, said: These awards are a huge milestone for bps decarbonization plans in Germany and are a strong reflection of our wider strategy. The renewable power we aim to produce will anchor the significant demand we expect for green electrons for our German operations, from a whole host of products and services including green hydrogen and biofuels production, electric mobility growth and refinery decarbonization.
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