LS Power Completes Acquisition of BP's US Onshore Wind Business, Adding 1,300 MW of Operating Capacity
LS Power announced the completion of its acquisition of BP's US onshore wind business, BP Wind Energy North America Inc., on December 9, 2025. The transaction adds approximately 1,300 MW net ownership of operating onshore wind capacity across 10 projects to LS Power's diversified portfolio of renewable, energy storage, flexible natural gas, and renewable fuels assets.
With this addition, LS Power now operates more than 22,300 MW of American-based generation capacity along with more than 780 miles of high-voltage transmission lines. The New York-based company describes itself as a leading development, investment, and operating company focused on the North American power and energy infrastructure sector.
Strategic Integration and Portfolio Expansion
The acquired BP Wind Energy will be integrated into Clearlight Energy, one of LS Power's renewable generation platforms operating across the U.S. and Canada. Following the acquisition, Clearlight Energy now manages approximately 4,300 MW of wind, solar, and battery storage assets, strengthening its capabilities as a leading independent renewable operator in North America.
Clearlight Energy was established in 2025 as an LS Power company and operates a portfolio of utility-scale solar, wind, and battery storage projects across North America. The company focuses on providing operational excellence to supply critical energy capacity and meet growing demand.
Geographic Footprint and Project Locations
The acquired projects are located across seven states: Indiana, Kansas, South Dakota, Colorado, Pennsylvania, Hawaii, and Idaho. This geographic distribution expands Clearlight Energy's national footprint and enhances the diversity of its operating fleet.
The transaction represents part of LS Power's broader strategy, which Chief Executive Officer Paul Segal described as a “more of everything” approach. Segal stated that the acquisition “reflects our ability to identify and execute on opportunities that address today's most pressing energy challenges.”
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Market Context and Company Strategy
According to Segal, electricity demand is surging while new development timelines are extending, making operating assets that can deliver clean, reliable power at a meaningful scale increasingly critical. He explained that LS Power is “pursuing opportunities across the energy landscape that help meet growing energy demand and position our renewable platforms for long-term growth.”
The transaction closed on December 9, 2025, following the satisfaction of customary closing conditions, including regulatory approvals. Greenberg Traurig, LLP served as legal advisor to LS Power on the acquisition, while Barclays and Santander served as financial advisors.
Company Background and Capabilities
Founded in 1990, LS Power has developed or acquired 50,000 MW of power generation since its inception, including utility-scale solar, wind, hydro, battery energy storage, and natural gas-fired facilities. Through its transmission business, LS Power Grid, the company has built more than 780 miles of high-voltage transmission systems with another 375+ miles currently in construction or development.
LS Power actively invests in and scales businesses that are meeting the growing needs of energy expansion, including electric vehicle charging, demand response, microgrids, renewable fuels, and waste-to-energy platforms. Over the years, the company has raised more than USD 75 billion in debt and equity capital to support North American infrastructure.
The company maintains its focus on the North American power and energy infrastructure sector through leading platforms across generation, transmission, and energy expansion solutions.
Also Read: Nordex Group Secures Major Wind Energy Contract with Alliant Energy for Up to 190 Turbines in Iowa
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