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Asia and UK
BP expands wind power footprint in the U.S., sheds unit in India
September 16, 2009 in UPI International
September 16, 2009 in UPI International
BP is expanding its wind power electricity generation capacity in the United States but is shedding an Indian unit, which has been sold to Green Infra Limited of India.
BP said Green Infra Limited purchased its subsidiary, BP Energy India Private Limited, for a total cash-free, debt-free enterprise value of about $95 million.
Tsukuba, the town that prides itself as Japan’s most hallowed scientific research centre, is the site of perhaps the world’s worst electricity wind farm: in the 12 months it has operated, its windmills have consumed 43 times more power than they have generated.
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