The company had in November 2008 announced plans to scale back its plans and focus solely on North America, where it planned to install 750 MW of wind capacity each year. Yet in an interview with Windpower Monthly, published this month, John Graham, president of BP Wind Energy, says that the firm will increase its installed wind capacity by only 301 MW this year and 225 MW next. "We've had the economic downturn and we've had reduced crude oil and gas prices," says Graham. "And so the company has scaled back across all of its investments in oil, gas and renewables. We'll change according to the economic circumstances of the group." (The full interview can be read as part of Windpower Monthly's company report on BP, see page 77).
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Senior Renewable Energy Analyst (WindGEMINI Product Lead) DNV GL Bristol (City Centre), City of Bristol