Puget Technologies Inc (PUGE)

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BP Acquires US Solar Projects From 7X Energy for $220 Million
PUGE is also in the solar sector. not?

June 01 2021 - 10:58AM
Dow Jones News

By Adria Calatayud

BP PLC said Tuesday that it has agreed to buy nine gigawatts of U.S. solar-development projects from 7X Energy for $220 million.

The U.K. energy giant said the deal will increase its renewables pipeline to 23 gigawatts, from 14 gigawatts, and represents a significant step toward its target of growing its net developed renewable generating capacity to 20 gigawatts by 2025 and aim to increase this to 50 gigawatts by 2030.

The assets will be developed through BP's solar joint venture Lightsource BP, the company said.

The deal is expected to be completed in 30 days, BP said.