BP's new strategy is to increase wind energy from 2.5 gigawatts in 2019 to 50 gigawatts by 2030, in the next 10 years. It will partner in offshore wind projects in the U.S. done with Norway's Equinor. It will invest in 50% of leases with Equinor for $1.1 billion. Another $3 billion will be needed to spend on the first of four wind farms planned for New York and Massachusetts in offshore locations. It expects a 10% return on its investment.
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