BP shifts offshore wind to joint venture amid retreat from renewables

Energy company's deal with Japan's Jera will allow it to focus on exploiting oil and gas assetsBusiness live - latest updatesBP has agreed a deal worth up to ?4.5bn to build offshore windfarms with Japan's biggest power producer, in a shift that will allow it to gain some access to zero-carbon wind energy while focusing on fossil fuels.The FTSE 100 company will create a 50-50 joint-venture with the Japanese power generator Jera to combine their offshore wind assets, the companies announced on Monday. Continue reading...