Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. United Kingdom
  4. London Stock Exchange
  5. BP plc
  6. News
  7. Summary
    BP.   GB0007980591

BP PLC

(BP.)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

BP, EnBW enter joint bid in Scottish offshore wind lease round

07/19/2021 | 10:33am EDT
A logo of German power supplier EnBW Energie Baden-Wuertemberg AG is pictured at the companies headquarters in Karlsruhe

LONDON (Reuters) - BP and Germany's EnBW said on Monday they had submitted a joint bid for Scottish offshore wind acreage which could support wind projects with 2.9 gigawatts of capacity.

Crown Estate Scotland's ScotWind wind leasing tender is its first for a decade, and is aimed at supporting the development of around 10 gigawatts of offshore capacity.

BP said its joint bid with EnBW represented a potential 10 billion pound ($14 billion) investment into Scottish offshore wind projects and support infrastructure including ports, harbours and shipyards.

The bid focused on fixed-bottom wind turbines rather than floating turbines which other companies bid for, Dev Sanyal, BP's head of for gas and low carbon, told Reuters.

Floating offshore wind technology is still in early stages of deployment around the world and is significantly more expensive than fixed-bottom technology.

Under the rules of the tender the amount of money companies are expected to pay for the seabed lease is capped, unlike an auction round held earlier this year for seabed leases around the coast of England and Wales which attracted record prices.

BP said it would also invest in net zero industries, including green hydrogen production and accelerate the expansion of Scotland's electric vehicle charging network.

BP and EnBW formed a 50-50 joint venture this year to develop and operate two offshore wind leases in the Irish Sea.

They face competition in ScotWind from companies such as Equinor, Orsted, Royal Dutch Shell, RWE, TotalEnergies and Macquarie Group's Green Investment Group.

The results of the ScotWind leasing round are expected to be announced early next year.

($1 = 0.7261 pounds)

(Reporting by Nina Chestney, Susanna Twidale and Ron Bousso; Editing by Jason Neely and Mark Potter)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
BP PLC 0.77% 320.2 Delayed Quote.24.71%
ENBW ENERGIE BADEN-WÜRTTEMBERG AG -2.06% 76 Delayed Quote.38.57%
EQUINOR ASA 0.05% 206.35 Real-time Quote.42.29%
MACQUARIE GROUP LIMITED 0.86% 178.6 End-of-day quote.28.97%
ORSTED A/S -1.37% 904.4 Delayed Quote.-26.26%
RWE AG -0.50% 32.05 Delayed Quote.-6.83%
TOTALENERGIES SE 0.16% 39.695 Real-time Quote.12.27%
All news about BP PLC
05:06pBP : Britain looking at temporary measures to alleviate trucker shortage
RE
05:13aTesco Says Two of 500 UK Petrol Stations Impacted By Drivers' Shortage
MT
02:36aBritain has 10 days to save Christmas, retail sector says
RE
12:01aBP : Brazil's record LNG imports draw U.S. supply away from gas-thirsty Europe
RE
09/23BP Confirms Fuel-Supply Issues at UK Service Stations
DJ
09/23BP to Limit Fuel Deliveries Amid UK Drivers Shortage -ITV
DJ
09/23BP : Drivers' Shortage Forces BP To Prioritize Fuel Delivery To Branded Gas Stations
MT
09/23BP : INEOS Grangemouth moves forward on the next phase of its journey to reduce greenhouse..
AQ
09/23BP : JP Morgan maintains a Buy rating
MD
09/23BP : Halts Work At Azerbaijan Platform For 25 Days Over Planned Maintenance
MT
More news
Analyst Recommendations on BP PLC
More recommendations
Financials (USD)
Sales 2021 183 B - -
Net income 2021 13 044 M - -
Net Debt 2021 38 951 M - -
P/E ratio 2021 7,01x
Yield 2021 4,95%
Capitalization 87 975 M 87 645 M -
EV / Sales 2021 0,69x
EV / Sales 2022 0,66x
Nbr of Employees 63 600
Free-Float 93,9%
Chart BP PLC
Duration : Period :
BP plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends BP PLC
Short TermMid-TermLong Term
TrendsBullishNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Last Close Price 4,36 $
Average target price 5,09 $
Spread / Average Target 16,8%
EPS Revisions
Managers and Directors
Bernard Looney Chief Executive Officer & Director
Murray Auchincloss Chief Financial Officer & Director
Helge Lund Chairman
Gordon Young Birrell Executive Vice President-Production & Operations
Paula Rosput Reynolds Senior Independent Director
Sector and Competitors
1st jan.Capi. (M$)
BP PLC24.71%87 383
EXXON MOBIL CORPORATION38.48%241 652
RELIANCE INDUSTRIES LTD25.42%214 407
CHEVRON CORPORATION18.48%193 507
CHINA PETROLEUM & CHEMICAL CORPORATION10.66%81 494
NESTE OYJ-8.35%48 867