BP has begun the construction of its 134MWdc Arche Solar project in Fulton County, Ohio to address greenhouse-gas emissions and support green energy growth in the US. The Arche Solar project is part of BP’s plans to develop 20GW of net renewable generating capacity by 2025 and 50GW by 2030. The solar power project in […]
British multinational oil and gas company BP has completed the previously announced acquisition of Archaea Energy, a renewable natural gas (RNG) producer, for an enterprise value of around $4.1bn, including about $800 million of net debt. BP is anticipated to increase the company’s footprint in the US biogas industry. The acquisition is also expected to […]
BP acquisition of Archaea Energy : Oil and gas giant BP has announced a $3.3 billion all-cash deal to acquire Archaea Energy Inc., an American producer of renewable natural gas (RNG), in a move to expand and expedite the growth of its bioenergy business. BP will also assume nearly $800 million of net debt of […]