BP teams with Knutsen OAS venture to target South Korean offshore wind sector

Oil giant bp has teamed up with an offshore wind venture backed by Norwegian shipowner Knutsen OAS to develop offshore wind opportunities in South Korea.

As part of their agreement, bp has acquired a 55% stake in Deep Wind Offshore’s early-stage offshore wind portfolio, which includes four projects across the Korean peninsula with a potential generating capacity of up to 6GW.