BP

Despite new large projects like He Dreiht, Borkum Riffgrund 3 and Nordlicht 1, the expansion of offshore wind in Germany is stalling. Sharply higher costs, weaker revenue prospects and delayed grid connections have put many newer projects at risk after BP and TotalEnergies withdrew or scrapped parts of their plans. The planned Wind-at-Sea Act improves contract durations and support mechanisms but does not solve the core problem of overpriced auctions without return rights, leaving sites blocked and threatening expansion targets, supply chains and jobs. » Mais em zeit.de

BP subsidiary Jera Nex BP is reportedly negotiating the return of the North Sea areas it won for Oceanbeat West and East and, according to investigations, no longer shows interest in building the wind farms. The company cites grid connection delays as the reason, but has laid off staff in Hamburg and otherwise remains tight-lipped. A withdrawal or delayed realization could mean billions in costs for electricity customers, problems for grid operators such as Tennet, and delays in the expansion of offshore grids. The federal government must decide whether to allow returns or insist on the bidding principle, which would significantly affect the timetable and additional costs. » Mais em sueddeutsche.de

Goldman Sachs raised its target price for BP from 660 to 700 pence and kept the rating at 'Buy'. Analyst Michele della Vigna adjusted valuation models for European energy companies because of higher oil, gas and refining margins. He sees the highest returns for investors in 2026 from Eni and Repsol. » Mais em finanzen.net