BP to Write Down $4-5 Billion in Renewables, Cumulative Losses Reach $20 Billion
WIND ENERGYHYDROGEN
BP plans to write down $4 billion to $5 billion for its renewables businesses by the end of 2025, raising total write-downs to approximately $20 billion over two years. The company continues to depend on oil and gas for revenue while spinning off its wind energy operations into a joint venture with Japan's Jera. Recent project cancellations include a wind farm in the Irish Sea and hydrogen initiatives in multiple locations.
Jan 20, 2026, 6:20 AM
