EGEB: BP invests $ 1.1B in offshore wind

  • Oil company BP bought 50% bets in the offshore wind company Equinor for $ 1.1 billion.
  • Zimbabwe bans mining in all its national parks.
  • The largest rooftop greenhouse in the world is in Montreal and can feed 2% of the city.
  • Arcadia Power is committed to making clean energy work for the planet and your bank account – all without changing your utility company. Sign up to receive your $ 20 Amazon Gift Card.

BP head to offshore wind

BP entered the US offshore wind market on a large scale yesterday. The oil giant signed a $ 1.1 billion deal to buy a 50% stake in two US developments from Norway’s offshore wind company Equinor. The deal is expected to close in early 2021.

The deal includes the Empire Wind Project from New York (going live in mid-2020) and Beacon Wind from Massachusetts. Together they can generate up to 4.4 GW, which is enough power for over 2 million homes. Equinor will continue to be the operator of these projects. The turbines used at each site are expected to have a capacity of over 10 MW each.

BP and Equinor have also agreed to work together to develop further offshore wind projects in the US. BP already has an onshore wind business in the US, but this is their first forest in offshore wind.

Reuters report:

The deal challenges any notion that renewable projects may not offer returns on the scale of the oil and gas offering, and is likely to increase market confidence in Equinor’s offshore wind business, SpareBank 1 Markets analyst Tedor Sven-Nils said.

BP “plans to give further details of how it plans to transition from ‘oil major’ to ‘energy company’ in a series of investor presentations scheduled for next week,” Guardian.

Zimbabwe Mining Ban

Reversing an initial decision to allow two Chinese companies to search for coal in Hwange National Park, Zimbabwe, rich in their wildlife, this week Zimbabwe banned mining in all of its national parks. Hwange is home to over 40,000 elephants and endangered black rhinos.

The result was the result of campaigners taking the government to court to prevent “ecological degradation” in the parks.

The Zimbabwean government announced a ban on mining on most banks of the river, which would affect small-scale Chinese and local gold mines.

Shingai Nyoka of BBC News, Harare commented on the decision:

The decision is unlikely to affect relations between Zimbabwe and China. Both governments are deeply aware of the sensitivities around conservation and the outrage must have come as no surprise.

But for some Zimbabweans, the ban does not go too far. They point out that there has been an environmental degradation in gold mining along the rivers. Therefore, they want the ban to be enshrined in law so that it does not happen again and the environment is protected.

The world’s largest rooftop greenhouse

Luffa Farm, CC License

Montreal has the honor of hosting the world’s largest rooftop greenhouse. Lufa Farms, which opened in 2009, has four roof gardens. He created the fourth and latest addition, which opened in late August, atop his own 160,000 sq ft (15,000 sq m) distribution center. It is around the size of three football fields and cultivates 100 different varieties of fruits and vegetables using hydroponics.

Cofounder Lauren Rathmal told Ctv news:

We choose to order. So every day we know what to sell for the next day, and we go to the unit.

They use bees and okra for pollination and pest control and grow plants in coconut fiber bags to collect and reuse water.

The company employs 500 people and sells $ 30 production baskets for 20,000 families a week.

Lufa Farms spokesman Thibault Soret said:

The advantage of being on a roof is that you recover a lot of energy from under the building.

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