bp partners with Marubeni for offshore wind in Japan

bp is partnering with Marubeni, the major Japanese integrated trading and investment conglomerate, to explore a selected offshore wind development opportunity in Japan. The two have agreed to form a strategic partnership for offshore wind and potentially other decarbonisation projects, including hydrogen.

As part of their agreement, bp will join with Marubeni in their proposal for an offshore wind project off the coast in Japan – an area of exceptional wind resource – purchasing a 49% stake in the proposed project. The companies see this as a first step towards building a market-leading offshore wind position in Japan. Associated with this agreement, bp will establish a local offshore wind development team in... ... More: Official Press Release bp

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bp, Marubeni, Japan, partnership, offshore, wind farm, agreement, MW, GW, carbon neutral, emissions, LNG, wind resource