bp and Marubeni to collaborate on Japanese offshore wind projects

bp Alternative Energy Investments Limited (BPAEIL) and Marubeni have inked cooperation and participation agreements to build offshore wind projects and explore decarbonization initiatives, including hydrogen. As part of their relationship, the two companies will form a joint venture to pursue offshore wind business prospects in Japan. The joint venture will be 49 per cent owned by BPAEIL. The deal is still subject to merger control approval, but it is expected to be finalised eventually. 

 

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