Bp Renewable Energy Uk

The company s 2020 energy outlook launched today looks ahead to 2050 when bp aims to be carbon zero.

Bp renewable energy uk.

Renewables are the fastest growing energy source contributing half of the growth in global energy with its share in primary energy increasing from 4 in 2019 to around 15 by 2040 in bp we have an established and growing alternative energy business with a significant portfolio across renewable fuels power and products. Bernard looney bp s chief executive said. Bp will supply renewable energy to microsoft as part of a wider a strategic cooperation between the two companies. Renewable energy sources will be the world s main source of power within two decades and are establishing a foothold in the global energy system faster than any fuel in history according to bp.

Jason gammel an analyst at investment bank jefferies put the bill for bp at about 30 billion plus project financing but said the plan still depended on renewable energy assets both being. Renewables energy consumption which includes biofuels and all traded renewable electricity apart from hydro continued to grow strongly contributing its largest increase in energy terms 3 2 ej on record. Renewable energy consumption is growing rapidly in response to consumer demands and forcing competition between fuels but big changes are necessary to make lasting reductions in emissions the energy giant said. This is an important early step in the delivery of our new strategy and our pivot to truly becoming an integrated energy company.

This accounted for over 40 of the global growth in primary energy last year which is larger than any other fuel. Bp s influential annual report on the future of energy published on monday says oil will be replaced by clean electricity from windfarms solar panels and hydropower plants as renewable energy. Global energy lightsource bp is a global leader in development and management of solar energy projects. The companies signed a framework agreement for renewable energy projects to provide clean electricity to help power microsoft s data centres.

Bp strategy in brief from ioc to iec pdf 2 5 mb bp statistical review of world energy 2020 pdf 8 1 mb sustainability report 2019 pdf 8 9 mb 2q 2020 results pdf 234 4 kb annual report and 20 f 2019 pdf 11 mb bp energy outlook 2019 pdf 2 1 mb.