BP takes $1.1bn stake in offshore wind farms as it agrees Equinor deal

Strategic partnership will seek to develop more wind farms off the coast of the US

BP has taken its first major step into the offshore wind industry with the purchase of a $1.1bn (£850m) stake in two US offshore wind projects being developed by Norwegian state oil company Equinor.

The oil companies will also team up to develop more windfarms off the coast of the US after agreeing a strategic partnership to help corner the fast-growing market for offshore wind.

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