BP Weighing Upgrade of U.S. Wind Turbines to Compete with Gas

BP Plc is weighing plans to update as many as 200 of its U.S. wind turbines with newer, higher-capacity equipment, a move that would represent the company’s biggest investment in renewable energy since its last wind farm came online in 2012.

If the company green lights the project—a decision that could be reached by mid-year—it would represent about 400 megawatts of capacity.

Laura Folse, chief executive of BP Wind Energy, said the move would allow the U.K. energy giant to capitalize on production tax credits while optimizing operations at farms in Texas and Kansas. The company put an initial investment down in ...