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bp to exit U.S. offshore wind market as Trump administration tightens oversight

bp to exit U.S. offshore wind market as Trump administration tightens oversight

by Offshore Reporter | Oct 22, 2025 | Wind

bp and Japan’s JERA are winding down their U.S. offshore wind joint venture, JERA Nex bp, citing an unfavorable policy environment under the Trump administration. The decision halts the planned 2.5-GW Beacon Wind project off Massachusetts amid a broader industry pullback.

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bp to exit U.S. offshore wind market as Trump administration tightens oversight

Latest News

UK weighs early end to North Sea windfall tax amid talks with oil and gas producers

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Saipem drillship acquisition canceled as Deep Value Driller sells unit to third party

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