BP makes major investment in wind power - 7/15/06

BP (Beyond Petroleum) is making its first major investment in wind power with a joint venture that will lead to an exponential expansion of its generating capacity.

The oil giant said yesterday it had entered a five-year supply and development agreement involving five wind energy projects in the US with Clipper Windpower.

Steve Westwell, the chief executive of BP Alternative Energy, said: "We believe the Clipper turbine is a breakthrough in reducing the total cost of renewable energy and we are pleased to be the first large customers for this innovative technology."

The announcement, which came in the same week that the UK Government published its Energy Review, is thought to be the biggest single investment in wind power to date.

Source: http://news.independent.co.uk/business/news/article1178654.ece

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