BP PLC has bought US wind energy firm Greenlight Energy Inc. for about $98 million to supplement its wind power business in North America.
BP said that the purchase give BP Alternative Energy instant access to a large number of high-quality wind development projects. Greenlight Energy owns the rights to develop 39 wind farms in the US which have the potential to produce a combined power generation of 6.5 gigawatts as opposed to Europe's largest power station which produces about 3.68 gigawatts.
This purchase follows BP's agreeement with Clipper Windpower to acquire 50 percent interest in 5 US wind energy projects and turbine supply options for $30 million.
With BP also securing an option to buy 9.6 million of the Californian firm's shares, Clipper Windpower shares lifted by a third.
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