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OSLO, Sept 10 (Reuters) - Norway's Equinor has
agreed to sell a 50% stake in two U.S. offshore wind power
development projects to energy major BP for $1.1 billion,
it said on Thursday.
The two companies are also establishing a strategic
partnership for further growth within offshore wind in the
United States, Equinor said in a statement.
The firms will consider future joint opportunities for both
bottom-fixed and floating offshore wind facilities, the
Norwegian firm said.
"The transaction is in line with Equinor's renewable
strategy to access attractive acreage early and at scale, mature
projects, and capture value," it said.
Equinor will remain the operator of the projects through the
development, construction and operation phases. The deal is
expected to close in early 2021, the company said.
(Reporting by Terje Solsvik; Editing by Jacqueline Wong and Jan
Harvey)