BP assessing New York wind projects after $540 millon writedown, CEO says

BP remains committed to its offshore wind growth plans despite incurring a $540 million impairment on two US projects. The company, along with partner Equinor, is evaluating their next steps after New York rejected their request to revise power supply contracts for the projects. BP’s CEO expressed interest in exploring New York’s 10-point plan to move the projects forward, while emphasizing their commitment to offshore wind in the UK and Germany.