Feb 20 (Renewables Now) - BP plc (LON:BP) is considering upgrading 200 of its wind turbines in the US, Bloomberg said last week, citing BP Wind Energy's chief executive Laura Folse.
The company could make a decision on the project, representing some 400 MW of capacity, by the middle of 2017.
BP made an initial investment for the upgrade in December so that it can qualify for the full production tax credit (PTC). The project involves replacing turbine equipment, while using the same towers and foundations.
According to the interview, BP sees the move as a way to reduce operating costs and improve the competitiveness of its wind farms against natural gas generation, something particularly important in Texas, where the company is not selling its wind electricty under long-term contracts.