BP unit adds
Greenlight Energy for $98 million
Aug. 15 --
BP Alternative Energy is buying a U.S.-based wind power company for
$98 million, the company said.
The unit of energy giant BP is acquiring Greenlight Energy Inc. as
part of a plan to accelerate plans to develop a wind power business in
North America, BP said.
Greenlight Energy, of Charlottesville, Va., has 39 wind power
projects either operating or under development across the country.
"This purchase gives BP Alternative Energy immediate access to a
large number of high quality wind development projects across the
country, including a number of projects we expect to be able to develop
over the next few years," said Steve Westwell, chief executive of BP
Alternative Energy.
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