Economics
BP Weighing Upgrade of U.S. Wind Turbines to Compete With Gas
- Improvements would provide additional savings in tax credits
- Company made initial down payment for upgrades in December
A wind farm in Colorado City, Texas, on Jan. 21, 2016.
Photographer: Spencer Platt/Getty ImagesThis article is for subscribers only.
BP Plc is weighing plans to update as many as 200 of its U.S. wind turbines with newer, higher-capacity equipment, a move that would represent the company’s biggest investment in renewable energy since its last wind farm came online in 2012.
If the company green lights the project -- a decision that could be reached by mid-year -- it would represent about 400 megawatts of capacity.