The world’s biggest oil companies are no stranger to UK waters, but by the end of the decade they will be running more offshore wind turbines than oil rigs. It has also marked a new battleground between oil companies and the traditional energy utilities they hope to emulate and usurp. It has teamed up with Dutch renewable energy company Eneco to build giant windfarms off the coast of the Netherlands. “Happily for oil companies there are opportunities in offshore wind,” Lewis said. BP believes its track record delivering giant offshore infrastructure projects, ahead of schedule and below budget, will help to reduce the cost of building offshore windfarms too.

Source: The Guardian February 10, 2021 06:00 UTC