Dev Sanyal, BP’s EVP for gas and low carbon power (pictured) gave an overview of the firm’s renewables plans. Image: BP.
BP has set lofty targets for its renewables ambitions, backing bifaciality and merchant revenue strategies to provide major boosts as it targets 50GW of renewable capacity by 2030.
This week sees the publication of BP’s strategic overhaul as it reveals how it intends to decarbonise its business and attain net zero status by 2050. The so-called ‘bp week’ comprises numerous events and speeches, with Dev Sanyal, the company’s EVP for gas and low carbon electricity, providing new detail on BP’s growth targets in the clean energy sectors.
Central to BP’s plans are a mass upscaling of renewable capacity over the next decade. It intends for its renewables capacity to reach 20GW by 2025 and 50GW by 2030, indicating a meteoric rise for the company as the decade draws to