bp is delighted to be exhibiting at Global Offshore Wind 2021, and supporting delegate wifi access and the conference app with our partner in UK offshore wind, EnBW. Our purpose is reimagining energy for people and our planet. We want to help the world reach net zero and improve people’s lives – our ambition is to be a net zero company by 2050 or sooner.
bp has 10 years of experience in onshore wind energy, and we are now building our offshore wind energy business, aiming to be a leader in core markets. Offshore wind is a great example of how we are becoming an integrated energy company, leveraging our industry-leading trading capabilities and integrating power value chains with renewable energy sources. We know we can succeed as we have many of the capabilities to deliver major projects offshore.
Growing through partnership
Our Equinor partnership secured high quality access to the US, the world’s fastest growing offshore wind market.
Through our partnership with EnBW in the UK, we have access to the high quality leases in the Irish Sea with a potential gross capacity of 3GW, enough to power the equivalent of 3.4 million UK homes.
Together these agreements have 7.4GW offshore wind gross capacity – 3.7GW net.
We have built our onshore US wind energy business over a decade and now operate a 1.7 GW gross portfolio, across 10 wind assets in the US, generating enough electricity to power 450,000 homes annually.
Working with Tesla, we are testing how effectively wind energy can be stored at our Titan 1 wind farm in South Dakota. This is helping us learn more about energy storage applications that could be useful across our entire portfolio. bp also owns ONYX InSight, an international
provider of digital and predictive maintenance solutions to the wind industry.
Creating opportunity for communities
bp and EnBW are bidding for offshore wind acreage in the ScotWind leasing round, potentially generating 2.9GW. But the bid seeks to go far beyond developing wind power and aims to accelerate Scotland’s entire energy transition – from producing clean power to using it in new industries.
In 2021 alone, we have directly created over 120 new jobs to support our offshore wind business, from engineering to business development to stakeholder engagement, attracting over 5,000 applications. Our investment plans will create opportunities for thousands of jobs in our supply chains and help to reskill hundreds of oil and gas workers, graduates and technicians with renewable sector capabilities.
We expect to be spending several billion pounds in support of the Irish Sea leases, and potentially ScotWind. We want to maximise local content in the procurement approach, benefitting the nations and regions closest to the wind farms.
We have created supply chain portals for both projects, and suppliers are invited to register their interest.